Risen Energy Signs RMB 1.138 Billion Module Sale Contract with KongSun Yongtai

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Jul 15, 2015, 10:20 ET

NINGBO, China, July 15, 2015 /PRNewswire/ -- Risen Energy Co., Ltd and KongSun Yongtai Investment Holding Ltd have signed a module sale contract lately. Risen Energy will supply solar modules to KongSun Yongtai and the total amount is RMB1.138 billion.

3 different types of poly modules, 260W, 265W, 270W, are included in the contract. With these modules supply contract will bring a positive impact on business performance.

"Announced at the beginning of July, this contract is already one of Risen Energy's greatest achievements for the second half of 2015," said Wang Hong, president of Risen Energy. "The contract will increase Risen Energy's market share and enhance the company's brand image, profitability and comprehensive strength. It's also a good example of how well the company is performing in the areas of integrating resources, improving industrial layout, enhancing efficiency, and achieving rapid development."

About Risen Energy

Risen Energy Co., Ltd. was founded in 2002 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, Chile, and Benin. After years of efforts, it has reached a module production capacity of 1.5GW and an accumulative shipment of 3GW. While growing rapidly, Risen Energy keeps a stable pace with an average debt ratio at around 50% from 2011 to 2014 and it also generates innovations by setting up subsidiaries for internet finance and financial leasing as one step towards "Internet Energy".