Chinese solar panel maker Risen Energy Co., Ltd. recently announced the receipt 
of an order to provide 150 MW of high-efficiency solar PV modules to a power 
stations in Malaysia. Malaysia's Minister of Energy, Science, Technology, 
Environment and Climate Change Yb Yeo Bee Yin attended the agreement signing 
ceremony. It's the biggest module order Risen Energy has to date won both in 
Malaysia and from an overseas floating power station.

Photo - https://photos.prnasia.com/prnh/20191011/2607578-1
(The signing ceremony)

As part of the agreement, Risen Energy will supply high-efficiency Jaeger 144 
modules with an output power up to 395W each to the project. The modules will 
be shipped in batches starting this month and the delivery is scheduled to be 
completed by June 2020.

Risen Energy president Xie Jian said, "Malaysia is one of our key emerging 
markets as it boasts abundant light resources and policies favourable to the 
industry. We are excited to be a part of the project in Malaysia. To ensure the 
smooth operation of the power station, once completed, we will equip the 
facility with our Jaeger modules, which have proven better performance in 
resistance to light induced degradation (LID) and light and elevated 
temperature-induced degradation (LeTID). Our optimised Jaeger modules can 
minimise hotspots and the impacts from shade effect on their performance in 
power generation. With lower total cost of ownership and labour expense, our 
modules will bring the project owner a lower levelised cost of electricity 
(LCOE) and higher income from power generation."

Besides the PV market in Malaysia, Risen Energy has expanded its presence 
across major markets in the U.S., Europe, Southeast Asia, Central Asia and the 
Asia-Pacific region. Notably, the company has achieved remarkable results in 
Kazakhstan and Ukraine, among other markets along "the Belt and Road." 
Additionally, Risen Energy is accelerating the growth of its energy storage 
business as its integrated "PV + energy storage" and "PV + energy storage + 
charging". Furthermore, smart micro grid solutions have been used in commercial 
applications.

Risen Energy is experiencing an increase in both its top line and bottom line 
as the firm continues expanding globally at a steady pace. Its financial 
forecasts for the first three quarters of 2019 expects a net profit between 
765-815 million yuan (approx. US$107-114 million), an increase of 
262.40%-286.09% year-on-year. 

SOURCE  Risen Energy Co., Ltd

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   Caption: The signing ceremony