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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.