July 12, 2013 - Risen Energy plans to develop 100 megawatts of power projects with a unit of China General Nuclear Power Group.
The solar farms will be build in China's Ningbo city and Hubei and Jiangxi provinces, Risen said yesterday in a statement to the Shenzhen stock exchange. Financial terms weren’t disclosed.
CGN Solar Energy Development Co., a unit of China General Nuclear Power, will hold an 80 percent stake in the projects with the remainder owned by Risen.
The cooperation will boost sales and may have a "positive" impact on future earnings, said Risen.