Risen Obtains Project Financing from DEG

Risen Energy has engaged in the R&D and production of solar cells and modules as well as the construction and operation of PV solar farms. The company has accumulated rich technical experience and reached to the international standard. Currently, in addition to existing overseas solar farms in Europe, America and Australia, Risen Energy has also invested in LATAM, Central Asia and Southeast Asia. Risen Energy has engaged in the R&D and production of solar cells and modules as well as the...

Risen Energy has engaged in the R&D and production of solar cells and modules as well as the construction and operation of PV solar farms. The company has accumulated rich technical experience and reached to the international standard. Currently, in addition to existing overseas solar farms in Europe, America and Australia, Risen Energy has also invested in LATAM, Central Asia and Southeast Asia.

The success in achieving financing for the Cambodian project represents Risen Energy's new phase in Cambodian market as well as a milestone in the overseas markets.

"DEG is very proud in taking an active role in helping Cambodia on its route to more renewable energy. Thanks to the successful collaboration with Risen Group, the project will be one of the first major utility scale solar power plants in the country. On the back of this successful transaction, DEG is looking to do more projects in the renewables sector in the region to accelerate the growth of green energy capacities and to combat carbon emissions," said Mr. Felix Busse, the Vice President in Infrastructure and Energy Asia/ Europe, DEG.

Regarding the successful cooperation with DEG, Ms. Jieling Zhang, Director of Oversea Project Finance and Investment of Risen Energy, said, "This is a great achievement for both Risen and DEG. We are grateful to work with DEG, who is a global Development Finance Institution with rich experiences and good reputation in cross-border project coordination. The experience greatly enhances our ability in overseas project development, financing and construction, providing strong support for moving towards a broader overseas market. We look forward to the future co-operation with DEG and fighting the global warming together!"