On March 25, 2019, Risen Energy Co., Ltd. overseas investment and financing 
director Zhang Jieling attended the annual BNEF Summit in New York and 
presented the company's new plans for solar energy financing in 2019.

Photo - https://photos.prnasia.com/prnh/20190328/2414160-1 
Caption - Risen Energy: Securitization of Solar Assets Viewed as the New Trend 
in Solar Energy Financing 

Ms. Zhang said, "As the securitization of solar assets is on its way to 
becoming the next hotspot in solar project financing, Risen Energy is now 
actively planning the securitization and expect to begin the whole process in 
the fourth quarter of this year. Risen Energy's core competences include more 
than a decade of experience worldwide as an independent power producer, 
overseas teams with international competitiveness, professional experience in 
project development, project financing, investment and EPC and more 
importantly, solid and reliable relationships with financial institutions 
across the world."

When commenting on the benefits of asset-backed securities (ABS), Ms. Zhang 
said, "Pooling the assets into securities allow the issuers to remove the 
specific assets from their balance sheet and also isolate investors from the 
group's operational risk. In addition, ABS provides investors, who were exposed 
to only standardized assets, with access to a wider range of industry-related 
and business opportunities. These capital markets offer longer-term and 
lower-cost funds. The lower financing cost associated with ABS accelerates the 
reduction in the leverage cost of raising funds using energy assets and 
increases the competitiveness of PV power when compared with other types of 
energy."

Ms. Zhang also shared Risen Energy's future planning and its appeal to the 
capital markets, "Risen Energy will expand its solar projects in Australia, 
Latin America, the Middle East and Africa, as well as introduce our energy 
storage solutions into markets where the grid is relatively weak, helping the 
company enhance its industrial and international competitiveness across the 
solar energy value chain. We believe the addition of energy storage will be 
attractive to the capital markets, noting in particular that the majority of 
investors have seen that supplementing the PV system with an energy storage 
solution has increasingly become one of the key trends in the industry. We hope 
to expand our relationships with financial institutions with the aim of 
creating an effective leverage for our investments with lower-cost funds."

Risen Energy will be one of the first solar module manufacturers to put the 
idea of offering solar assets-backed securities into practice. 

Photo - https://photos.prnasia.com/prnh/20190328/2414160-1 

SOURCE: Risen Energy Co., Ltd 

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   Caption: Risen Energy: Securitization of Solar Assets Viewed as the New 
Trend in Solar Energy Financing