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China firm backs Battambang solar farm
Wed, 23 December 2020
The Chinese-based Risen Energy inked a long-term debt financing agreement worth $45 million to back a 60MW solar energy project in Battambang province.
The deal was signed with Germany’s DEG, the European Investment Bank (and 11 European development finance institutions) and the Interact Climate Change Facility SA (ICCF), a company owned by the French Development Agency (known by its French acronym AFD), Risen Energy said in a press release.
Risen Energy said it is the only Chinese company in the industry to obtain project financing from both DEG and EBRD, which it said demonstrates its strong international financing capabilities.
GermanyChinaFranceCambodiaBattambangBatdaaFrenchChineseCambodianCambodge-edVictor-jonaFelix-busseRisen Obtains Project Financing from DEG
NINGBO, China, Dec. 22, 2020 /PRNewswire/ Lately, Risen has successfully finished all the CPs to the first disbursement and successfully reached the financial close of the Project Financing of the 73MWp solar project in Cambodia, Risen Energy has signed a $45 million long-term Debt Financing with DEG and ICCF (The Interact Climate Change Facility, a company incorporated as Société Anonyme owned by the French Development Agency (AFD), the European Investment Bank and eleven European Development Finance Institutions). Risen Energy is the only Chinese company in the industry to get project financing from both DEG and EBRD, demonstrating its strong international financing capabilities. The financing will be used for a Cambodian independent solar farm.
ChinaNingboZhejiangAustraliaKazakhstanUnited-statesFranceCambodiaCambodianAmericaFrenchChinese