Risen Energy Co., Ltd, a Tier 1 manufacturer of high-performance solar photovoltaic products, has recently announced an additional contract for the supply of 165MW of customised high-performance solar PV modules with Spring Energy.
Spring Energy, an Indian renewable energy developer, and an Actis group company has recently purchased 165MW of solar PV modules from Risen, as part of the Anantapur Solar project for supplying power to AP State through NTPC at a competitive price of INR 2.72/kWh. This huge project of Spring Energy is an integral part of overall plan to install over 2 GW of renewable energy within India, a little over 1.2% of the total renewable capacity target set by the Indian Government’s 175GW goal.
When asked to summarise the recent interactions with Spring, Bypina Veerraju Chaudary, CSMO, Risen said: “Professional, dedicated and focussed. They know where they are going, and how to get there. We are delighted that Risen can be a part of their inspiring goals and be chosen through their objective evaluation of solar PV suppliers. We continue to demonstrate that Risen can deliver tangible net worth benefits to solar project developers.”
Gaurav Sood, CEO, Spring Energy said: “Developing a solar PV project under current conditions is significantly more complicated than normal, establishing a secured supply of materials, labour and timely approvals is an intensive logistical exercise. Our choice of Risen was streamlined from their historical performance and enhanced with their constructive approach to dealing with our specific requirements. We are pleased to have them in our portfolio and confident of their ability to perform as anticipated. We look forward to reaping the rewards in the form of good performance and a strong relationship on this and future projects”.
