Risen Energy, China General to Develop Solar Projects
(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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