Risen Energy & Wuhai City Sign Agreement for 200MW of PV modules and 1GW of Solar Projects

| April 16, 2015

NINGBO, China, April 16, 2015 / PRNewswire — Recently, Risen Energy Co., Ltd signed an agreement to supply 200MW PV modules and 1GW of solar project construction in Wuhai City with the governments of Wuhai City and Haibowan district in Inner Mongolia.

Wuhai City is a new industrial city in the western part of Inner Mongolia, and it is not only the junction of northern China and northwest China, but also the central area of the Yellow River Economic area. Plus, it’s the economic area junction of Ningxia, Inner Mongolia, Shanxi and Gansu. The total solar radiation is 1650-1700 kWh / (SQM/Year). In order to make full use of the area which includes vast mountainous, wasteland, coal reserves, mining reclamation areas and rich solar energy, Risen Energy will invest and construct the 200MW solar modules project. Meanwhile, Risen will set up a power station company to construct 1GW of solar stations during a 3-5 year period in Wuhai City through friendly consultations.

Mr. Wang Hong, the president of Risen Energy Co., Ltd, said that if the agreement is successfully approved, the domestic market share of PV modules of Risen will be expanded. Moreover, it will improve the production and sales of PV modules in China and the exploiting, constructing and operating layout of PV power stations, which is good for the development and long-term planning of Risen Energy.

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