China’s photovoltaic (PV) module producer Risen Energy has secured an engineering, procurement, and construction (EPC) contract from Xinghai Group in Vietnam.
Under the contract, Risen Energy will provide EPC services to Xinghai Group’s 4/5 solar power project in Loc Ninh. The company has also agreed to supply Jaeger monocrystalline PERC PV modules for the project.
Rise Energy claims its Jaeger components are light-induced degradation resistant, as well as light- and high-temperature-induced degradation resistant.
The company says the components will lower the levelised cost of energy while enhancing revenue from the facility’s power generation. It intends to ship the components by December this year.
Xinghai Group’s 4/5 has a combined capacity of 250MW. The company says it is one of the largest privately-funded EPC projects in the world. It is expected to help the company in improving its competitiveness in the Vietnamese market after it is connected to the grid.
A statement from Risen Energy said: “We are very delighted to partner with Xinghai Group on this project. The collaboration will not only further consolidate the company’s market position in Vietnam, but also drive the development of the clean energy sector in Vietnam and Southeast Asia.
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“We will continue to make full use of our advantages to meet the diversified needs of customers worldwide and provide them with higher-quality PV products and services.”
Last October, Risen Energy secured a contract to supply its solar PV modules for a power station in Malaysia. The company will deliver Jaeger 144 modules, which have an output power of up to 395W each.