Risen Energy is one of the largest tier-1 PV module manufacturers in the world. Founded in 1986, they specialize in R&D, production, sales and service of solar panels. Having a production capacity of over 4.5GW (as of 2015), Risen solar panels are exported to over 40 countries. In 2017, as per GlobalData report, Risen has registered about 2.94GW of PV module shipments and has the 10th largest market share.
On May 4, Risen has started construction of the first large-scale ground mounted PV station in Nuwakot, Nepal. The commencement was overseen by Nepal’s energy minister, electricity authorities and the president of Risen Energy, Wang Hong. The facility has a capacity of 25 MW (91 x 275W) and does not include any battery storage. This project also contributes to the “One Belt, One Road” initiative of the Republic of China.
World Bank helps in funding the solar energy projects in Nepal. About USD 130 million was awarded to the government for electrifying Kathmandu Valley. Nepal Electricity Authority (NEA) awarded this project to Risen in late 2017 after some controversial contracting processes. Nepal government plans on having 500MW of PV power projects in the pipeline by 2023. Currently, hydroelectric power has the highest renewable share in the country. This will be one of the 1000+ projects the company has completed in the past. Furthermore, out of these, over 800 MW were completed outside China. The Nuwakot facility is scheduled to start operation by the end of this year.
Source: Risen Energy, PR NewsWire, Kathmandu Post