Risen Energy wins contract for 50MW PV project from Bitexco Group’s subsidiary

Risen Energy recently announced that it has won the bid for the NHI HA 50MW

solar power station project owned by Vietnam-based Bitexco Group’s subsidiary

Thap Cham Solar. Combined with the contracts won by the China-based PV module

manufacturer for a 61 MW facility in Ninh Thuan and installations completed in

conjunction with Shapoorji Pallonji Group’s 50 MW engineering, procurement, and

construction (EPC) project in the same province since August 2018, the total

installation capacity of its projects in Vietnam has reached 161 MW.

Bitexco Group is one of the top ten shopping mall and hotel developers in

Vietnam as well as a provider of hydraulic engineering as well as road and

highway engineering services. With the support of the team responsible for

bidding on projects in the overseas markets, and the development, design,

engineering and procurement departments, Risen Energy successfully won the 50MW

contract from Bitexco Group after demonstrating its comprehensive capabilities

in delivering leading technologies and experience when providing EPC services.

The latest deal and the other power station contracts the company has recently

won in Vietnam will help Risen Energy continue to achieve top line and bottom

line growth.

The 50 MW facility covered by this latest contract is located in Ninh Thuan,

Vietnam. Risen Energy will provide high-efficiency modules and 5-busbar 1500V

high voltage modules for the facility in its role as the assigned EPC

contractor.

After completing the pull-out test, construction was started on the facility on

October 1. Once completed, the power station is expected to generate an average

annual power of 81,429 MWh. The electricity generated by the project will be

provided to EVN, the Vietnamese state grid.

Since 2017 when the Vietnamese government announced the feed-in-tariff policy

for the solar photovoltaic (PV) market, the country has emerged as an

investment destination of choice in Southeast Asia for global investors,

developers and module manufacturers. While continuing to expand globally, Risen

Energy selected Vietnam as a key market associated with its 2018 global

expansion strategy. A spokesman for Risen Energy said, “With years of

experience in delivering EPC services and a local strategy for the Vietnamese

market determined by the region’s specific needs, we believe the PV market in

Southeast Asia boasts huge potential and great opportunities.”

SOURCE Risen Energy Co., Ltd

/Public Release.