Risen Energy continues overseas revenue growth as module sales and production ramps

Facebook
Twitter
LinkedIn
Reddit
Email
Recently, Risen Energy announced the start of construction of an integrated heterojunction high-efficiency solar cells and module production base in Ninghai City. Production is expected in 2021. Image: Risen Energy

‘Solar Module Super League’ (SMSL) member, Risen Energy Co has continued to grow revenue in 2019, after shifting module sales and PV project development overseas after the China 531 New Deal in 2018, impacted its business. 

Risen Energy recently reported third quarter 2019 revenue (operating income) of RMB 3.718 billion (US$526.9 million), up slightly from RMB 3.664 billion (US$519.3 million) in the second quarter of 2019. 

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Risen Energy recently reported third quarter 2019 revenue (operating income) of RMB 3.718 billion (US$526.9 million), up slightly from RMB 3.664 billion (US$519.3 million) in the second quarter of 2019.

Increased overseas PV module sales as new high-efficiency PERC (Passivated Emitter Rear Cell) and module capacity continued to ramp, as well as increased PV power plant projects also supported the revenue increase, despite lower module ASPs. 

Net profit attributable to shareholders was RMB 298.5 million (US$42.3 million), up from RMB 181.5 million (US$25.7 million) in the second quarter of 2019. Gross margin was 7%, up from 5.8% in the previous quarter. 

Net profit attributable to shareholders was RMB 298.5 million (US$42.3 million), up from RMB 181.5 million (US$25.7 million) in the second quarter of 2019.

Revenue in the first nine months of 2019 reached RMB 9.77 billion (US$1.38 billion, surpassing revenue of RMB 9.75 million for the full-year 2018 an increase of over 42%. Net profit attributable to shareholders reached RMB 783 million yuan (US$111 million).

Manufacturing update

Risen Energy starting ramping its Phase II, 2GW high-efficiency mono PERC cell and module plant in Jintan in June, 2019. The integrated Jintan facility is earmarked to be a 5GW facility when fully-ramped. 

A 5GW module assembly plant in Yiwu, China is also expected to start production in the second half of 2019. 

Recently, Risen Energy announced the start of construction of an integrated heterojunction high-efficiency solar cells and module production base in Ninghai City. Production is expected in 2021.

Total PV module capacity stood at over 9GW at the end of June 2019. 

Total PV module capacity stood at over 9GW at the end of June 2019.

Risen Energy’s R&D expenditure in the first nine months of 2019 has reached RMB 252.5 million (US$35.8 million). Total R&D expenditure in 2018 was US$49.2 million. 

Risen Energy’s R&D expenditure in the first nine months of 2019 has reached RMB 252.5 million (US$35.8 million).

The SMSL highlighted that it had successfully developed its second-generation half-cut cell technology that is expected to further lower cell to module power losses and boost performance with an advanced cell passivation process.
  
In the first half of 2019, Risen Energy reported that TUV SUD had confirmed its Jäger HP 72-cell sized modules reached had reach a conversion efficiency of 21%. The company also reported that the maximum conversion efficiency for its MBB (Multi Busbar) mono cell had exceeded 23%, with an average efficiency reaching 22.73%. The company plans to achieve full mass production of MBB technology in 2019. 

The company's subsidiary, Jiangsu Swick which develops and sells EVA film for modules had reached an annual production capacity of 230 million square meters from three manufacturing plants in the first half of 2019. 

7 October 2025
San Francisco Bay Area, USA
PV Tech has been running an annual PV CellTech Conference since 2016. PV CellTech USA, on 7-8 October 2025 is our third PV CellTech conference dedicated to the U.S. manufacturing sector. The events in 2023 and 2024 were a sell out success and 2025 will once again gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing in the U.S. out to 2030 and beyond.

Read Next

September 8, 2025
German inverter manufacturer SMA Solar is to restart US manufacturing for the first time in ten years.
September 8, 2025
Euclid Power has raised US$20 million Series A round led by Venrock to develop AI-driven platform and services for renewables. 
September 8, 2025
Elmya Energy and Atlantica have formed a joint venture to develop 4GW of utility-scale renewable energy projects in the US. 
September 8, 2025
Vaisala has launched a new hail alert system aimed at solar operators grappling with an increasingly costly problem for PV installations.
September 8, 2025
Vikram Solar has won a 336MW module supply agreement from L&T Construction for the 2.3GW Khavda solar park in Gujarat. 
September 8, 2025
A green energy auction in the Philippines has secured 9.4GW of renewable energy capacity subscriptions, of a target of 10.65GW.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines