With 204% Monthly Rise, Risen Energy Crowned as Solar’s New Powerhouse

published: 2019-10-03 0:00 | editor: | category: News

Image by skeeze from Pixabay

2018 is the most turbulent year in the photovoltaic industry in recent years. The 531 New Deal, in particular, was introduced, which plunged the whole industry into the “Ice Age” instantly. What follows is a major shuffle and migration across the industry. Things are finally looking up in 2019. The 531 New Deal accelerates the speed of the Chinese PV companies’ expansion into overseas markets, which have flourished all over the world in 2019. Risen Energy, in particular, is the most remarkable among them, which delivers brilliant performance across the globe.

Looking back at the first half of 2019, Jinko's shipments increased by 34% YoY. Its global market share has reached a new high of 12%. JA Solar Holdings and Canadian Solar Inc. (CSI) have delivered shipments of similar quantities, ranking second and third, respectively. The top ten manufacturers have accounted for 60% of the global module market, all of which are Chinese manufacturers, excluding Hanwha. Clearly, the Chinese manufacturers are leading the global module market.

2019H1 Global Module Market Share

Risen Energy, the new dark horse in PV: shipment rose 204% month-over-month
According to EnergyTrend's latest "Customs Data Report" report, the total export volume of China's modules in the first half of 2019 was 34.4 GW. The top five manufacturers alone accounted for 49.7% of the total export volume, which shows the trend of the big players getting bigger. The control over the market is very concentrated. The top five Chinese exporters in the first half of 2019 are Jinko, JA Solar Holdings, Trina Solar, CSI, and Risen Energy.

What makes the performance of Risen Energy so dazzling is its advantageous overseas channels. It performed beautifully in exports, averaging a monthly rise in shipments by 204%, a 468% increase YoY, which is beyond anyone’s wildest guess. The module producer also ranked as the second-largest exporter to the European market in the first half of 2019, accounting for more than 10% of the total. Inspected from the country level, in addition to Ukraine, Risen Energy has also dominated the market of the Dominican Republic in Latin America, accounting for more than 50% of the total. The company has doubled its shipments every month since 2019. It is estimated that shipments will continue to rise in the third quarter.

2019 H1 Risen Module Shipment

Risen Energy is capable of delivering such a stellar performance, mainly relying on the synergy between strategy and execution. It is observed that the company has good control over its expenses in sales, management, and R&D. The investment in research and development has continued to rise. The expenditure for capacity for module production and scientific research has also increased to launch new products with a better price-performance ratio. As the new capacity for high-efficiency heterojunction solar cells and modules production has been invested, the core competitiveness of the company has been expanded. It is expected that, in addition to being the reigning champion of the module exporters, Risen Energy will also be a rising star in terms of heterojunction solar cells, with a rosy future ahead of the company.

For more information on module exports and the ranking of market share, please refer to EnergyTrend's latest Customs Data Report and Global Market Supply Report.

 

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