The corporate has been a BNEF Tier 1 firm since 2017
SAN JOSÉ, Calif., Nov. 28, 2022 /PRNewswire/ — Boviet Photo voltaic Expertise Co. Ltd. (Boviet Photo voltaic), a number one international photo voltaic power expertise firm specializing within the manufacturing of Monocrystalline PERC PV cells, Gamma Collection™ Monofacial and Vega Collection™ Bifacial PV Modules, has been ranked as a Tier 1 PV module producer by BloombergNEF (BNEF ) each quarter of 2022. Boviet Photo voltaic additionally achieved a BNEF Tier 1 score each quarter of 2021.
BloombergNEF’s tiering system for PV module producers is predicated on bankability, to assist patrons of PV modules distinguish between the tons of of modules accessible right this moment. To be ranked as Tier 1, the producer should have provided in-house manufactured PV modules to 6 completely different non-recourse tasks financed by six completely different banks within the final two years. Since non-recourse financing doesn’t enable the lender to keep up something aside from collateral, this is a sign that the financial institution has confidence within the PV module producer.
“The Tier 1 designation serves as an unbiased validation of Boviet Photo voltaic’s efficiency as a enterprise companion as a result of it charges PV module producers on bankability or monetary stability,” mentioned Jimmy Xie , CEO of Boviet Photo voltaic.
Bloomberg says its tiering system isn’t an alternative choice to due diligence, however as a substitute affords bankability as an extra benchmark. Banks and their due diligence suppliers are naturally reluctant to launch their proprietary whitelists of authorised photo voltaic distributors, so Tier 1 validation reveals that monetary establishments are already vetting PV module producers.
“When searching for a PV module companion, bankability is simply as vital as high performing PV modules and price effectiveness,” mentioned Sienna Cen, President of Boviet Photo voltaic USA. “Being ranked as a Tier 1 photo voltaic module maker by BloombergNEF offers Boviet third-party validation of our monetary power—an important complement to our expertise, engineering, and manufacturing capabilities. A sensible alternative for any photo voltaic challenge.”
Boviet Photo voltaic has maintained its place as a BloombergNEF Tier 1 photo voltaic module producer since 2017. The corporate affords monetary / enterprise power, technological know-how, manufacturing effectivity and provide chain transparency. Boviet Photo voltaic’s PV Modules are identified for his or her energy, efficiency and high quality and have been rated as high performers within the PVEL module reliability scorecard since 2019.
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 challenge improvement. The corporate works with IPPs, EPCs, challenge builders, photo voltaic installers, and contractors to ship top-performing PV modules for utility-scale, business, industrial, and residential photo voltaic tasks. With a confirmed observe 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 identified for his or her energy, efficiency and high quality and have been rated as high performers within the PVEL module reliability scorecard since 2019. Boviet Photo voltaic has places of work within the USA and Germany, and its international headquarters is in Vietnam. For extra info, please go to www.bovietsolar.com.