Chinese PV module supplier Risen Energy announced a new PV module supply agreement on April 20. Mytrah Energy has signed to purchase 175MW of 60-cell and 72-cell PV modules from Risen Energy for its projects in India.
This agreement will help Risen Energy to make a higher presence in the global PV markets as well as strengthen the company’s ability to become profitable.
Mytrah's financial pipeline was recently reinforced with the approval of a US$175 million direct loan facility from Asia Development Bank (ADB). This represents ADB’s confidence in Mytrah’s energy business.
"Risen would like to congratulate Mytrah as its credibility is once more underlined with the ADB loan approval," said Mr. Bypina Veerraju Chaudary, CSMO of Risen. "Having interacted diligently with Mytrah's personnel over the last nine months, exploring the total cost of ownership for energy generation systems, it is obvious that Mytrah is well inside the ‘serious league.’”
Mytrah emphases on aspects including technology, quality, state of the art manufacturing facilities, service, communication, financial stability, and commercial foci. The partnership marks Mytrah’s confidence in Risen Energy’s measurement in these criteria.