Chinese A- share market- listed PV module manufacturer, Risen Energy is set to build- out of facility under an EPC (Engineering, procurement and construction) contract in Nuwakot, Nepal on April 27. The general contractor for the 25MW solar PV power station, Risen Energy efforts is in compliance with the Chinese government’s One Belt, One Road initiative by exporting products, brands and technologies abroad. Risen Energy is also trying to solve the electricity shortage in Nepal through efficient and professional solar PV solution. The project is expected to become the first large scale ground mounted PV station upon completion.
The opening ceremony of the project was witnessed by Nepal energy minister Barshaman Pun, Nepal Electricity Authority executive Nutan Bhattarai and Risen Energy president Wang Hong.
Risen Energy is responsible for the EPC and the follow up adjustment and calibration upon the completion of the project and is set to contribute high efficient 275W solar modules that are both reliable and cost efficient. Expected to be operational by the end of 2018, the project will be connected to the state grid around the same time and will contribute clean electricity to Kathmandu valley during day hours.
Risen Energy has been presence in Europe, the Americas and Australia and has also expanded into countries along the One Belt, One Road route including Bangladesh, Kazakhstan, Kyrgyzstan and the ASEAN countries. Risen Energy has 1000 projects either under development of on the delivery phase across the globe and it expects the sum of its installations outside of China to exceed 800 MW by the end of the current year.
According to Risen Energy president Wang Hong:
“In line with the One Belt, One Road initiative, we have made significant progress in the global market, thanks to our advanced PV manufacturing technologies and rich experience in overseas projects. As one of the key parts of the initiative, Nepal is an attractive market for us. Over the next seven years, Nepal, a country boasting abundant water resources, aims to achieve the goal of 17,000 megawatts of electricity generation, which is unlikely to be met via hydropower alone. Renewable energy methods including PV have become important supplements and Nepal is on the right track. Looking forward, we plan to invest in and develop more EPC projects in Nepal and across South Asia in a move to contribute to solving the local energy crisis and boosting China-Nepal cooperation in connection with new energy.”
About Risen Energy
Founded in 1986, Risen Energy is a hi-tech enterprise which is engaged in R&D, production, sales and service of solar modules, products of photovoltaic technology, solar terminal application and integration. Headquartered in China, Risen Energy is aiming to be the leader in the industry by high-efficiency team, fine-quality products and reliable quality and achieves the strategy aims: the Ten Billions Risen, the World Risen, the Century Risen.