Solar photovoltaic products manufacturer Risen Energy has announced a structured 140MW supply contract with UPC-AC Energy Solar Asia.

Under the multi-party deal, Risen will supply its Mono PERC modules until early next year.

UPC Renewables and AC Energy formed UPC-AC as a joint venture. It has sold more than 1GW of solar projects in its pipeline across Asia Pacific.

UPC-AC Energy Solar Asia CEO Pranab Kumar Sarmah said: “Our joint venture sets out to finesse the best possible outcomes for all of the stakeholders involved in our projects; from each department in our two respective companies, technical, commercial and legal, to the corresponding departments within our chosen engineering, procurement and construction provider and then shaped into contract with our suppliers.

“I’m delighted to report that Risen has listened intently to our various and indeed variable requirements and responded in kind to give us a workable, profitable and tailored solution that fulfils our complex requirements.”

Risen Energy CSMO Bypina Veerraju Chaudary said: “Our aim is always to be more than just a provider of first-class products. We fully understand the background complexities of arranging a truly cost-effective solar photovoltaic installation, wherein the interests of all parties are represented and protected, and we are delighted to have been able to, once again, demonstrate our core ability to balance each need within this contract.

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“We look forwards to participating in the further expansion of UPC-AC Energy SA in the future, with further bespoke contracts aimed at delivering more tangible bottom line results.”