‘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.
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.
