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Chinese panels power Czech distributor to top of FT 1000 ranking

Raylyst Solar is Europe’s fastest-growing company after bet on Chinese renewable energy tech
Place in the sun: Jan Kameníček founded Raylyst Solar in 2018. Between 2019 and 2022, the company achieved annual compound growth of 824.2%, with revenues of €111mn in 2022

Raylyst Solar, a Czech wholesaler of Chinese solar panels, is Europe’s fastest-growing company, according to this year’s FT 1000 ranking — underscoring China’s dominance of the sector and the failure of local manufacturers to compete.

Prague-based Raylyst distributes Chinese solar panels and other photovoltaic equipment in Europe, with Germany now its biggest market, having overtaken the Czech Republic last year. And it is the strength of the continent’s demand for renewable power, spurred by the transition away from fossil fuels, that has pushed the company to the top of this year’s FT ranking of businesses by revenue growth.

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