NINGBO, China, December. 2, 2019 /PVTIME/ -- A delegation of over 40 representatives from industrial, commercial and trade organizations from 17 countries paid a visit to Chinese solar panel maker Risen Energy Co., Ltd on November. These countries border the Chinese government's Belt and Road Initiative's route and representatives from Slovakia, Brunei and Panama were some of those present. After touring Risen Energy's production facilities, learning about its development and market portfolio and communicating with its executives, the representatives were left thoroughly impressed and praised Risen Energy's contribution to the Belt and Road Initiative.
Since 2013, when the Belt and Road Initiative was first launched by the Chinese government, Risen Energy has taken the initiative into account when planning the expansion of its global business footprint. In addition to consolidating its existing partnerships with power plants abroad, the company has established a presence in markets in countries targeted by the initiative, including Ukraine, Kazakhstan, Kyrgyzstan and Vietnam. Risen Energy continues to increase investment in photovoltaic power plants worldwide and, by doing so, facilitates a global energy transformation.
Risen Energy is the first Chinese solar panel maker to put money into
the construction of photovoltaic power stations in Kazakhstan and has continued
to invest in facilities there. The company has already signed mandate
letters with the European Bank for Reconstruction and Development (EBRD) for
financing of its 63MW solar project and 40MW solar project, both in Kazakhstan.
This past July, Risen Energy started construction of its second EPC project in
the country's Chulakkurgan rural district.
Despite an increasingly fragmented international PV market, Risen Energy
has been expanding its global business footprint and achieved significant
results in several emerging markets including Ukraine, Vietnam and Poland.
After signing a PV module supply contract with Ukraine's largest private energy
provider, Donbas Fuel and Energy Company (DTEK) in early 2019, the company was
awarded an order for 148MW half-cut cell high efficiency monocrystalline
modules. Due to this, Risen Energy will supply more than 1GW of modules to Ukraine
by the end of 2019. Moreover, the company's market share in Vietnam now exceeds
30%, thanks to the implementation of a localization strategy.
Risen Energy president Xie Jian said, "We will continue to expand
into more emerging markets along the Belt and Road route, enhance our presence
in emerging markets that show development potential, deepen our close
cooperation with our partners, and, by doing so, boost the development of
sustainable and renewable industries in countries along the route."
SOURCE: Risen Energy Co., Ltd