Published on October 31st, 2014 | by James Ayre4
China-Based Risen Solar Investing $600 Million Into 300 MW Mexican Solar Project
October 31st, 2014 by James Ayre
The China-based solar energy company Risen Solar recently announced that it would be investing about $600 million into a soon-to-be-constructed 300 MW solar power plant being developed in Mexico, in a statement to its shareholders.
In the statement, the company — based out of Ningbo, Zhejiang province, China — stated that the 300 MW project will be developed in three separate phases, and located in the Mexican state of Durango.
The project actually dates all the way back to 2011 — when it was slated to be a 200 MW project — as per letters of intent signed between the Chinese company and the state of Durango.
As per current plans, at least 250 MW of capacity are slated to be online by 2017.
Surprisingly, this is one solar power company that it seems we’ve never written on. But Mexico is a hot and rising solar market.