Risen Energy is to supply solar modules totalling 175MW peak to India’s Mytrah Energy for delivery during 2016.
Risen said the deal includes an option for more modules up to 50MWp.
The companies gave no details of the solar projects for which the modules are destined.
Mytrah’s financial pipeline was recently supported by the approval of a $175m direct loan facility from Asia Development Bank (ADB), Risen said.
Mytrah chairman Ravi Kailas said: “This is another significant milestone in the development of the company.
“The involvement of ADB is further evidence of the growing maturity of our business, and after extensive review of potential suppliers, their quality, and capabilities, our contract with Risen is an exciting development in our solar division.”
Risen chief sales and marketing officer Bypina Veerraju Chaudary said: “Mytrah’s severe selection process looks acutely into technological, quality, ‘state-of-the-art’ manufacturing facilities, service, communication, financial stability, and commercial foci, and we are pleased to have measured up to their severe criteria.”
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