Risen Energy completes 40-MW Solar PV plant in Kazakhstan

Risen Energy Co Ltd has announced that it has completed a 40-MW solar plant in Kazakhstan.

Located in the Karaganda region, the photovoltaic (PV) facility, which broke ground in June of last year, is projected to generate 50 million kWh of clean electricity per year. This is considered a landmark for the company's global roadmap.

"We also hope to use this as an opportunity to help more Chinese brands effortlessly enter the Kazakhstan market ," alleged Champion Yuan, General Manager, Risen Hong Kong.

Risen Energy noted it has by now staked out other projects in the country and expects to commence construction at a later stage. The European Bank for Reconstruction and Development (EBRD) and the Green Climate Fund (GCF) announced a USD-50.4-million (EUR 44m) financial aid for a 50-MW solar project in the country. This comes days after Kazakhstan inaugurated a 100-MW PV park, the largest in Central Asia.a