- The company continues its excellent track record in overseas markets

Risen Energy Co., Ltd. (SZSE:300118) recently announced that the company will 
provide EPC services for Xinghai Group's 4/5 project (totaling 250 MW) in Loc 
Ninh, Vietnam, and is expected to complete shipment this December. The 
facility, one of the largest privately-funded EPC projects worldwide, will help 
the company further improve its competitiveness in the Vietnamese market once 
it has been successfully connected to the grid. 

With direct sunlight generally available between 2,000 and 2,500 hours per 
year, Vietnam is among the countries in Southeast Asia best placed to take 
advantage of solar energy. However, the country's hot and humid environment 
raises the criteria for the stable operation of components. To ensure success, 
Risen Energy will provide high-efficient Jaeger components for the project, 
which are more resistant to LID and LeTID. In addition, the components are 
expected to lower LCOE and increase revenue from the facility's power 
generation. 

As one of the first PV companies entering the Vietnamese market, Risen Energy 
quickly implemented a strategy focusing on resource localization, recruiting 
local talents, and establishing local branches. The approach went a long way in 
helping the firm garner a number of project orders. The company has expanded 
its presence globally, with completed projects in Europe, Asia, North America, 
South America and Australia. Most notable are the excellent results in markets 
benefiting from the Chinese government's Belt and Road Initiative, including 
Nepal, Bangladesh, Kazakhstan and Malaysia. 

Commenting on the cooperation, 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 
development of the clean energy sector in Vietnam and Southeast Asia. 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."

SOURCE  Risen Energy Co., Ltd