Risen Energy inks 240-MW solar module deal in Ukraine

The ceremony for the signing of a module supply contract between Risen Energy and DTEK. Source: Risen Energy

February 19 (Renewables Now) - Chinese solar module producer Risen Energy Co Ltd (SHE:300118) said today it will supply all photovoltaic (PV) modules for the 240-MW Pokrovskaya solar project developed by DTEK Renewables in Ukraine.

The recently signed deal calls for Risen Energy to deliver 72-cell, 370-W PERC monocrystalline modules for the plant in the region of Dnipropetrovsk. These panels will allow the facility to produce enough power per year to meet the annual consumption of over 200,000 homes, it said.

"The collaboration with DTEK Renewables will become a major step in the company's further expansion into Ukraine, an energy market that is experiencing a transformative period and has an urgent need for renewable energy products," said Risen Energy sales vice president Zhao Zelin.

A day earlier, DTEK said it expects to commission 500 MW of wind and solar power generating capacity in 2019 and to have a total of 1 GW of renewables the following year.

Ukraine is pursuing a goal of having an 11% share of renewables in the country’s final energy consumption by 2020 and 25% by 2035, the statement says.

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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