Risen Energy’s in-house production to reach 3,100 MWp by the end of 2016

China based firm Risen Energy Co Ltd. has announced that it in-house production capacity for photovoltaic (PV) cells and modules is expected to reach 3,100 MWp by the end of this year.

The company in a statement said that at the end of year 2015 it’s highly automated manufacturing infrastructure amounted to a combined 2,600 MWp.  The Chinese solar maker shipped 1,246 MWp of its products in 2015 while working on 547 MWp of PV arrays under engineering, procurement and construction (EPC) beside other deals.

According to renewables.seenews “Risen Energy’s investments in solar research and development (R&D) activities paid off with conversion efficiencies for polycrystalline and mono-crystalline PV cells of more than 19% and 20%.”

Risen Energy witnessed rise in its net profit for 2015 by 381.56% year-on-year to CNY 322.4 million (USD 49.2m/EUR 45.3m) and revenue reportedly raised by 78.15% to roughly CNY 5.26 billion.