Chinese solar photovoltaic (PV) module manufacturer Risen Energy recently acquired a 100% stake in the polysilicon business of Dunan PV through its wholly-owned subsidiary, Risen Orient. Dunan PV is engaged in polysilicon manufacture and has a production capacity of 10,000 tons per year located at Bayannur city, Inner Mongolia.
Risen is an integrated manufacturer from solar wafers to modules. The company also offers off-grid systems and is a developer of solar projects. This acquisition would enable Risen Energy’s move towards vertical integration of solar module manufacturing.
The company plans to make necessary changes to its original production capacity and meet the necessary silicon material quality for N-type silicon wafer production. Risen has been engaged in the research and development and production of solar crystalline silicon cells and modules along with the construction and operation of solar projects.
For Risen Orient, the acquisition is expected to ease the volatility risk caused by the imbalance of supply and demand and help improve the overall core competitiveness, efficiency, and risk resistance.
Solar module prices have remained unstable this year due to the interplay of several factors exacerbated by explosions in China’s leading polysilicon manufacturing units. The prices and the gap in demand and supply are likely to continue until the first half of 2021.
Risen Energy emerged as one of the top three solar module suppliers in India in terms of shipments in 1H 2020.
In September 2020, Risen had signed a 140 MW supply contract with UPC-AC Energy Solar Asia Limited. The multi-party deal, accommodating various stakeholder requirements, consisted of Risen’s Mono PERC modules being provided over the turn of this year and into early 2021.
Rahul is a staff reporter at Mercom India. Before entering the world of renewables, Rahul was head of the Gujarat bureau for The Quint. He has also worked for DNA Ahmedabad and Ahmedabad Mirror. Hailing from a banking and finance background, Rahul has also worked for JP Morgan Chase and State Bank of India. More articles from Rahul Nair.