07:35 (GMT +7) - Tuesday 23/10/2018

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Risen Energy signs contract for 50 MW PV facility

Released at: 12:33, 09/10/2018

Risen Energy signs contract for 50 MW PV facility

Photo: Risen Energy

Contract signed recently with Surya Prakash Vietnam Energy Company.

by Doanh Doanh

Risen Energy recently signed a contract with the Surya Prakash Vietnam Energy Company, a wholly-owned subsidiary of the Shapoorji Pallonji Group, one of India’s largest private infrastructure development groups.

They will develop a 50 MW facility outfitted with 360 W high-efficiency polycrystalline modules. In order to maximize the amount of power generated from the facility as well as the land utilization rate, Risen Energy plans to install and leverage two systems that will work in concert with each other, with 26 MW of the payload deploying a tracking system whereby the solar panels move in line with the movement of the sun and the remaining 24 MW using a fixed support structure, delivering an overall power generation solution designed to achieve maximum ROI.

“Following an in-depth analysis of the Vietnamese market and an on-site investigation of the project, we selected the most comprehensive and best-performing power generation solutions given the project’s particulars, including the tracking systems, with an eye to increasing the ROI, while positioning the facility to be one that can act as a demonstration model for future such tracking systems,” said Mr. Liu Dong, General Manager of Risen Energy Vietnam. “As we look further down the road, we expect to work closely with high-quality companies, including Surya Prakash, delivering more professional and reliable PV power generation solutions to the market.”

The project is on schedule to be connected to the grid on June 30, 2019, with expected average annual power generation of 81,429 MWh. The electricity made available by the project will be provided to the State-run Electricity of Vietnam (EVN).

With a local office and a professional and efficiency-oriented project development team now in place in Vietnam, Risen Energy is confident in the orderly development of its prospects in the region. The Chinese PV maker foresees, by the end of this year, the total installation capacity of its projects in Vietnam, all of which have begun construction, reaching 160 MW.

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