May 24 (Renewables Now) - China’s Risen Energy Co Ltd (SHE:300118) said today it has secured financing for the construction of a 63-MW solar power plant in Kazakhstan.
The solar modules manufacturer has signed a mandate letter with the European Bank for Reconstruction and Development (EBRD) earlier this month. The two parties had signed a mandate letter earlier in 2018 for another Kazakh project, but with a capacity of 40 MW.
Risen Energy expects construction work on the 63-MW facility to begin in September and to be concluded in June 2019. The plant will have the capacity to produce roughly 109,000 MWh of electricity.