China-based international solar technology company Risen Energy announced that its 40MW photovoltaic power station project in Kazakhstan has been formally connected to the grid.
The project facility is located in Gulshat, Aktogay District, Karaganda Region of Kazakhstan. It has been equipped with 325W Poly 1500VDC polycrystalline modules for their ability to ensure the long-term and stable operation of the station to the maximum extent possible.
Following the formal connection to the grid, the power station is expected to produce 50m KWh of electricity per year and provides continuous clean power to local households.
Risen Hong Kong general manager Champion Yuan said: “The project held its groundbreaking ceremony in June 2018 and connected to the grid in December, fully reflecting the strength and efficiency of Risen Energy’s workforce. As a result of designing and building the 40MW power plant, we have a comprehensive understanding of the market and regulatory environment in Kazakhstan.
“The replicable construction experience is expected to help overseas teams to better participate in the development of follow-up projects. We also hope to use this as an opportunity to help more Chinese brands effortlessly enter the Kazakhstan market, share in a piece of the pie, and contribute China’s prowess across the sector to the cause of global green development.”
In July 2018, Risen Energy had signed a financing agreement with the European Bank for Reconstruction and Development (EBRD) for the development of the solar photovoltaic power project in Kazakhstan.
Under the agreement, the financing program was in the form of three loans that included $22m converted at Kazakhstan local exchange rate, $5.8m from the Clean Energy Technology Fund and $4.2m from the Green Climate Fund.
In May last year, Chinese solar panel manufacturer Risen Energy had also signed a mandate letter with the European Bank for Reconstruction and Development (EBRD) for financing construction a 63MW solar project in Kazakhstan.
Scheduled to be completed in June 2019, the average annual power capacity of the solar facility was projected to reach 108,719 MWh after being put into operation.