(Corrects company name in headline.)
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.
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