Risen Energy, a leading photovoltaic company listed in A-share market, recently announced that it has signed a 121 MW module supply agreement with European Energy A/S, one of the leading renewable energy developers in Denmark. Risen Energy will supply a number of high-efficiency modules for European Energy’s power plant projects in Italy and Denmark, which will lay a solid foundation for the smooth and reliable operation of the projects.
Risen Energy will provide 370 W high-efficiency mono PERC modules for European Energy’s 64 MW project in Apulia, Italy, and 375 W high-efficiency mono PERC bifacial dual-glass modules for its projects in Thisted and Mors, Denmark.
This cooperation will provide green power solutions for Italy and Denmark, promoting the optimization of energy structures and encourage social benefits.
In recent years, Risen Energy has focused on developing its influence in overseas markets. The cooperation with European Energy extends Risen’s presence in the Italian and Danish markets. As one of the longest established PV markets in Europe, the Italian PV market has shown steady growth over the past three years. According to data released by Enel Group in July 2018, the cumulative installed capacity of photovoltaics in Italy has reached 19.862 GW. Similarly, thanks to the ambitious target of 100 per cent renewable energy set by the Danish government, the Danish PV market has grown rapidly in recent years. By the end of 2018, the installed capacity of photovoltaics in Denmark reached 998 MW.
Zhao Zelin, Vice President of Sales at Risen Energy, said,” the globalization of Risen Energy is inseparable from our global professional partners. We believe that our future cooperation with European Energy will be developed. European Energy has left its footprints in Europe, Latin America and other markets. At the end of 2018, the company’s new energy installed capacity including photovoltaic exceeded 1 GW. And as the world’s leading supplier of high-efficiency photovoltaic power generation solutions, Risen Energy’s high-efficiency module products and strong project development capabilities have gained high popularity and recognition from many customers around the world. In the future, we will continue to innovate high-efficiency technology, promote efficient module output, accelerate power plant project construction and enhance our brand influence. We are also looking forward to making contributions to the global energy transformation and upgrading with more partners.”
Knud Erik Andersen, CEO of European Energy, said, “We have been convinced by the professionalism and flexibility we have encountered with Risen Energy. We visited their production facilities and got a positive impression by their state of the art facilities and production methods. The attitude of the team and their capabilities has added to the necessary mutual trust for a transaction of this size. We are comfortable that Risen Energy will deliver on time and with the same high quality, they have become known for.”
About Risen Energy:
Risen Energy Co., Ltd. was founded in 1986 and listed as a Chinese public company (Stock Code: 300118) in 2010. Risen Energy is one of the pioneers in solar industry and has committed to this industry as a R&D expert, an integrated manufacturer from wafers to modules, a manufacturer of off-grid systems, and also an investor, a developer and an EPC of PV projects. Aiming to deliver the green energy worldwide, Risen Energy is developing internationally with offices and sales networks in China, Germany, Australia, Mexico, India, Japan, USA and others. After years of efforts, it has reached a module production capacity of 8.6GW. While growing rapidly, Risen Energy keeps a stable pace with an average debt ratio at around 50 per cent from 2011 to 2018.
Media Liaison: Sabrina LU