Risen Energy, a public limited liability company, organised under the laws of the PRC and a leading integrated manufacturer of solar photovoltaic products announced the co-operation between Indian Raasi Green Earth Energy and themselves, encompassing a milestone MoU to jointly invest and develop a 100MWac Solar Plant in Ramnad district, State of Tamilnadu, India.

The scope of the co-operation countenances RISEN Energy's joint majority investment and development of the solar power plant with Raasi in Tamilnadu and makes it the first majority direct and the largest foreign investment by a Chinese company, in the Indian solar PV market.

C Narasihman, chairman of Raasi group of companies said, " we are extremely pleased to partner with RISEN, which is among the most admired Tier-1 Solar company globally and I am fully satisfied with their quality, expertise in technology and motivation.

Our selection of Risen, whilst heavily techno-commercially orientated, ultimately was endorsed by our strategic needs of a trustworthy financially stable partner, who can, with us, further leverage the resulting enhanced revenues into additional project developments."

Risen CSMO, Bypina Veerraju Chaudary, said, "I am elated to announce this collaborative investment that is in line with our overseas development strategy for emerging solar markets and shows our strong commitment for a long innings in India." He expounded further, "Raasi's committed, solid strategy of solar PV growth is highly exciting for us, as we develop our ongoing presence in India. As always, actions speak louder than any words.

By jointly investing into an initial notably sized solar PV project, whilst sweeping aside geographical boundaries, each party is demonstrating their capability and visualization of what is possible to create a profitable, minimal risk, growth within a highly competitive field."

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