Risen Energy at Bloomberg Summit London: Asset Securitization Can Reduce the Leverage Cost of Energy

By Risen Energy
Source:Risen Energy

At the recent Bloomberg NEF Summit held in London, Jieling Zhang, Director of Overseas Investment and Financing, attended the summit on behalf of Risen Energy. When talking about the company's future financing plans, she commented, “the commercialized operation of solar projects is a general trend for the future. On the one hand, the assets of solar power plants that have been subsidised in the market are worth more than one trillion yuan. On the other hand, the demand for future power station construction funds is still growing rapidly. Photovoltaic power plant ABS (asset securitization) will be one of the most applicable and important financial means to solve future funding needs.”

In Jieling Zhang's opinion, securitized assets should be removed from the initiator's balance sheet, thereby business risk is reduced during project development. At the same time, asset securitization also frees industry and business opportunities from the shackles that could only be overcome by fixed investors, in order to attract more investors. The lower financing costs brought about by asset securitization can accelerate the reduction of financial leverage costs for energy and make photovoltaic power generation more cost-competitive.

As a supplier of  EPC and O&M projects, Risen Energy’s “footprint” has spread all over the world, including Europe, Kazakhstan, Australia, Nepal, Vietnam and many other countries. To date, the total installed capacity of projects has exceeded 1500MW and the installed capacity of  power stations under construction has also exceeded 1000MW.

At the end of the summit, Fernando Calisalvo, General Manager of Risen Energy (Europe and Latin America), was interviewed by Bloomberg NEF’s financial reporter. He commented, “In both Eastern Europe and South America, the sales volume of modules is steadily increasing, and the company will also make every effort to further enter the South American market to achieve  broader overseas expansion. In addition, in order to promote the company's  “new energy, new materials, two new development strategies”, we have increased the Energy Storage business sector’s resource allocation and reserve quality projects.”

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