Oriental Rise Plans 50 MW Agro-Solar Project with RMB165 M Investment Over 20-Year Lease
Oriental Rise’s subsidiary will partner with Shandong Yiyang Zhongji New Energy to deploy about 50 MW of agro-photovoltaic systems across its tea plantations, leveraging unused areas under a 20-year lease with an estimated RMB165 million investment. The collaboration aims to generate renewable electricity while preserving tea cultivation and boosting asset utilization.
1. Strategic Cooperation Agreement
Oriental Rise’s operating subsidiary, Mindong Hong, has signed a cooperation framework with Shandong Yiyang Zhongji New Energy to explore agro-photovoltaic installations on its tea plantation bases. The agreement sets out roles, with Oriental Rise providing site coordination and Zhongji New Energy handling investment, construction and operation.
2. Project Scope and Terms
The proposed development targets an installed capacity of approximately 50 MW of distributed solar photovoltaic systems within underutilized areas of the tea gardens. The project carries an estimated investment of RMB165 million, to be executed under a 20-year lease with a potential five-year extension.
3. Strategic and Financial Benefits
Integrating solar infrastructure aims to unlock additional revenue from existing plantation assets while preserving tea cultivation operations. This model may enhance asset utilization, diversify revenue streams and align with broader environmental sustainability objectives.
4. Next Steps and Conditions
Further development is subject to regulatory approvals, technical feasibility assessments and execution of definitive agreements. Oriental Rise will assess project planning and regulatory compliance before moving to construction phases.