BLOOMBERG NEW ENERGY FINANCE RANKS BOVIET SOLAR AS TIER 1 SOLAR MODULE MANUFACTURER


BloombergNEF’s tiering system for PV module producers is predicated on bankability, to assist patrons of PV modules distinguish between the a whole lot of modules accessible at this time.

Boviet Photo voltaic Know-how Co. Ltd. (the “Firm” or “Boviet Photo voltaic”), one of many main world photo voltaic vitality expertise firms specializing within the manufacturing of Monocrystalline PERC PV cells, Monofacial and Bifacial PV Modules, ranked as Tier. 1 PV module producer by BloombergNEF (BNEF) for Q1 2023, the corporate introduced at this time.

BloombergNEF’s tiering system for PV module producers is predicated on bankability, to assist patrons of PV modules distinguish between the a whole lot of modules accessible at this time. To be ranked as Tier 1, the producer should have provided in-house manufactured PV modules to 6 completely different non-recourse initiatives financed by six completely different banks within the final two years. Since non-recourse financing doesn’t enable the lender to take care of something apart from collateral, this is a sign that the financial institution has confidence within the PV module producer. Boviet Photo voltaic has achieved a BNEF Tier 1 score [for every quarter] in 2021 and 2022.

“The Tier 1 designation serves as an unbiased validation of Boviet Photo voltaic’s efficiency as a enterprise accomplice as a result of it charges PV module producers on bankability or monetary stability,” mentioned Jimmy Xie , CEO of Boviet Photo voltaic.

“When in search of a PV module accomplice, bankability is simply as essential as high performing PV modules and value effectiveness,” mentioned Sienna Cen, President of Boviet Photo voltaic USA. “Being ranked as a Tier 1 photo voltaic module maker by BloombergNEF provides Boviet third-party validation of our monetary power—an amazing complement to our expertise, engineering, and manufacturing capabilities. A wise alternative for any photo voltaic venture.”

About Boviet Photo voltaic

Based in 2013 in Vietnam, Boviet Photo voltaic is a part of Boway Alloy and is a world Tier 1 photo voltaic expertise firm specializing within the manufacturing of Monocrystalline PERC cells, Gamma Collection™ Monofacial and Vega Collection™ Bifacial PV modules, in addition to in photo voltaic venture improvement. The corporate works with IPPs, EPCs, venture builders, photo voltaic installers, and contractors to ship top-performing PV modules for utility-scale, industrial, industrial, and residential photo voltaic initiatives. With a confirmed monitor document of success working with many main trade gamers, Boviet Photo voltaic has maintained its place as a BloombergNEF Tier 1 photo voltaic module producer and provider since 2017. The corporate affords monetary power, technological know-how, manufacturing excellence and provide. chain transparency. Boviet Photo voltaic’s PV Modules are recognized for his or her energy, efficiency and high quality and have been rated high performers within the PVEL module reliability scorecard since 2019. Boviet Photo voltaic’s has workplaces within the USA, Germany, and its world headquarters is in Vietnam. For extra info, please go to www.bovietsolar.com



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