Risen Strikes 165MW With Sprng Energy

PVTIME - Risen Energy Co., Ltd, a leading, Tier 1 manufacturer of high-performance solar photovoltaic products, has recently announced an additional contract for the supply of 165MW of customised high-performance solar PV modules with Sprng Energy.

Sprng Energy, a leading Indian renewable energy developer, and an
Actis group company, has recently purchased 165MW of solar PV modules
from Risen, as part of the Anantapur Solar project for supplying power
to AP State through NTPC at a competitive price of INR 2.72/kWh. This
latest project of Sprng Energy, is an integral part of overall plan to
install in excess of 2 GW of renewable energy within India, a little over 1.2% of the total renewable capacity target set by the Indian Government's 175GW goal.

Whilst this is the first award to Risen by Sprng, there is a historic
relation between Risen and Actis, resultant from Risen's supply of
circa 350MW of solar PV modules to another Actis entity in an alternate
growth market.

"Professional, dedicated, focused" answered Mr. Bypina Veerraju Chaudary, CSMO of Risen, when asked to summarise the recent interactions with Sprng, "They know where they are going, and how to get there" he continued, "We are delighted that Risen can be a part of their inspiring goals and be chosen through their objective evaluation of solar PV suppliers. We continue to demonstrate that Risen can deliver tangible net worth benefits to solar project developers".

Mr. Gaurav Sood, CEO of Sprng Energy,
was also emphatic about the order placement; "Developing a solar PV
project under current conditions is significantly more complicated than
normal, establishing secured supply of materials, labour and timely
approvals is an intensive logistical exercise. Our choice of Risen was
streamlined from their historical performance and enhanced with their
constructive approach to dealing our specific requirements. We are
pleased to have them in our portfolio and confident of their ability to
perform as anticipated. We look forward to reaping the rewards in the
form of good performance and a strong relationship on this and future

The Indian solar PV arena, battered and bruised from recent COVID19
events, continues to show its "grit & resilience" overcoming past,
present, and future adversity. It's a testament to companies like Sprng,
that this behemoth industry can expand when the rest of the world has
stagnated, and a further demonstration that nothing beats a committed
desire to make a difference with solar energy delivery.