Listed Chinese firm licensed to build another solar park
The Council for the Development of Cambodia (CDC) granted a business licence to Chinese panel maker Risen Energy (Cambodia) to build a 60 megawatt (mW) solar farm in Battambang province.
The Council for the Development of Cambodia (CDC) granted a business license to Chinese panel maker Risen Energy (Cambodia) to build a 60 megawatt (mW) solar farm in Battambang province.
According to the CDC, the project has a capital investment of $50.9 million, and it is expected to create 50 jobs.
Founded in 1986 and listed as a Chinese public company in 2010, Risen Energy is one of the pioneers in the solar industry.
The company’s solar farm investment in Cambodia was among the four solar parks that the government approved during a cabinet meeting last year in July.
Also, it is among the total of nine power projects, which according to Mine and Energy Ministry, are being constructed.
In its report, the ministry stated five solar parks across five, including the Battambang project are having their construction works accelerated so they can be connected to the national grid not later than this year.
