Risen capitalizes on future market trend, with a 1.5 GW global order


China’s Risen Energy today disclosed the existence of a contract for 1.5 GW of its bifacial mono PERC solar PV modules, taking place with a global, independent power producer.

The emergence of bifacial modules is rapidly gaining pace due to the continuing aggressive requirement to generate more energy for less spend, with the bifacial features dovetailing fully into this continual paradigm. Whilst initial take up after introduction was relatively slow, the discerning solar industry players have now awoken to the positive attributes that the bifacial format places into the arsenal of tools that every IPP calls upon to maximize their revenue and profits.

Having established their credibility over recent years with more traditional solar PV formats, Risen has quietly developed an equally credible presence in the bifacial camp, which has currently culminated in awarding a noteworthy 1.5 GW order placement.

The contract distributes the new technology onto the European, African and South American continents, and is already well underway with some 900 MW organized, and concludes in the first half of 2021.

Bypina Veerraju Chaudary, CSMO of Risen summarized, “This is one of our largest orders to date, and particularly significant for Risen’s bifacial program. When you cut through all of the gloss and marketing blurb, the front face energy capture is superior to historic products, the recombinant power loss is less over time, the module integrity is greater allowing for a 30 year power warranty, the compatibly framed modules ensure no additional BOS issues, and there is the wonderful addition of rear face energy capture to boot. The icing on this feature-rich cake comes from the simple further fact that the cost of Risen bifacial modules is only marginally higher than the old guard, making them an easy choice when deciding on what to use and why.”

The aforementioned 1.5 GW order underscores the generally held belief that during 2021, circa 70% of all new IPP installations will migrate to the bifacial concept.