Risen Energy sets new revenue record in 2017

Facebook
Twitter
LinkedIn
Reddit
Email
The company recently reported signing a framework agreement to build and operate a 5GW monocrystalline cell and module plant in Changzhou City, Jiangsu Province, China.

Major China-based PV module manufacturer Risen Energy, which entered PV Tech’s Top 10 module manufacturer’s rankings for the first time in 2017, has reported that its operating income exceeded RMB 10 billion (US$1.56 billion) in 2017, a new record for the company. 

Risen Energy said in a financial filing announcing preliminary 2017 revenue and profit results that its net profit would be in the range of approximately RMB 645 million to RMB 705 million (US$100 million to US$110.1 million in 2017, down by 8.54% to 0.17% from 2016. 

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The company had an operating income of around RMB 7.0 billion in 2016, indicating sales increased around 45% in 2017. 

The company had an operating income of around RMB 7.0 billion in 2016, indicating sales increased around 45% in 2017.

Despite the significant increase in module shipments and revenue year-on-year, Risen Energy noted that PV module Average Selling Price (ASP) declines and higher operating costs, due to opening new markets for the company impacted net profits in 2017. 

However, the increase in polysilicon prices would have also impacted margins and profitability. 

The company recently reported signing a framework agreement to build and operate a 5GW monocrystalline cell and module plant in Changzhou City, Jiangsu Province, China. 

The JV framework agreement calls for Risen to provide RMB 1.5 billion (60% stake) and its partner RMB 1.0 billion (40% stake) towards establishing the new manufacturing facilities. Risen also noted in a separate press release that total capital expenditures for the JV to reach the 5GW nameplate capacity of both cells and modules, as well as R&D activities would be approximately RMB 8.0 billion (US$1.23 billion). 

The company had a solar cell nameplate capacity of 1.5GW in mid-2017, while module capacity stood at 3.1GW.

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.
10 March 2026
Frankfurt, Germany
The conference will 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 out to 2030 and beyond.

Read Next

June 30, 2025
Australian module manufacturer Tindo Solar has secured a 30MW solar module supply agreement to power Australia's first "net zero pipeline”.
June 27, 2025
Indian solar manufacturer Premier Energies has commissioned its 1.2GW TOPCon solar cell manufacturing line at Fab City, Hyderabad, Telangana.
June 27, 2025
Renewables investment platform Nexwell Power has signed a round of power purchase agreements (PPAs) with “one of the largest” US tech companies for solar PV capacity to be built in Spain.
June 27, 2025
Statkraft has signed PPAs with Better Energy to purchase energy from two solar power plants in Poland with a total capacity of 64GWh.
June 27, 2025
Solar developer Lightsource bp has signed a power purchase agreement (PPA) with a subsidiary of Taiwanese energy firm HD Renewable Energy (HDRE).
June 26, 2025
International researchers led by King Abdullah University of Science and Technology (KAUST) have developed a new cooling technology that improves the power and longevity of solar cells.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 1, 2025
London, UK
Media Partners, Solar Media Events
July 2, 2025
Bangkok, Thailand
Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece