Risen Energy, China General to Develop Solar Projects

(Corrects company name in headline.)

Risen Energy (300118) Co., a Chinese maker of solar panels, plans to develop 100 megawatts of power projects with a unit of China General Nuclear Power Group.

The solar farms will be build in China’s Ningbo city and Hubei and Jiangxi provinces, Risen said yesterday in a statement to the Shenzhen stock exchange. Financial terms weren’t disclosed.

CGN Solar Energy Development Co., a unit of China General Nuclear Power, will hold an 80 percent stake in the projects with the remainder owned by Risen.

The cooperation will boost sales and may have a “positive” impact on future earnings, said Risen.

To contact the reporter on this story: Feifei Shen in Beijing at fshen11@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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