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Oriental Rise Explores Agro-Solar Integration at Tea Plantations Through Strategic Renewable Energy Partnership to Support Sustainable Operations
Globenewswire· 2026-03-10 00:55
Core Viewpoint - Oriental Rise Holdings Limited has entered into a strategic cooperation agreement with Shandong Yiyang Zhongji New Energy to explore the deployment of solar photovoltaic power generation systems within its tea plantation bases, aiming to integrate agriculture with renewable energy infrastructure [1][2][4]. Group 1: Strategic Cooperation - The collaboration focuses on "agro-photovoltaic" development, allowing solar power generation while maintaining agricultural activities [2]. - Zhongji New Energy will develop distributed solar photovoltaic systems in designated areas of Oriental Rise's tea plantations, utilizing underutilized areas to generate renewable electricity [3]. - Oriental Rise will support project coordination and implementation, while Zhongji New Energy will handle investment, construction, and operation [3]. Group 2: Project Details - The planned photovoltaic development has an installed capacity of approximately 50 megawatts (MW) and an estimated total investment of around RMB165 million, pending regulatory approvals [5]. - The project will involve a long-term lease arrangement of approximately 20 years, with a potential automatic five-year extension [6]. Group 3: Strategic Alignment - The integration of renewable energy infrastructure aligns with Oriental Rise's strategy to enhance operational efficiency and explore complementary value-creation opportunities around its core agricultural assets [7]. - The CEO of Oriental Rise emphasized that this initiative represents a constructive step toward enhancing sustainability and utilizing agricultural infrastructure while focusing on tea production and innovation [8].