HEFEI, China, Nov. 18, 2022 /PRNewswire/ — BloombergNEF (BNEF) has published the results of its 2022 PV Module and Inverter Bankability Survey. Sungrow became the only inverter supplier ranked as “100% bankable” this year and has maintained its status as the most bankable inverter brand for four consecutive years. This shows that banks are more likely to provide non-recourse term loans to solar projects using Sungrow inverters, ensuring favorable and sustainable benefits for stakeholders.
BloombergNEF Inverter Bankability Survey Results 2022
BNEF has released the Inverter Bankability Survey since 2019. For four years, Sungrow has topped the rankings every year and has been ranked 100% bankable three times — the only company to hit this record. In addition, Sungrow has a high ranking with cumulative product installations in funded projects.
BloombergNEF surveyed solar industry participants consisting of 28 banks, funds, solar engineering contractors, independent power producers, and technical advisors from a global perspective. The report, which considers the capacity of manufacturers in the field, financial health, local support and service, guarantees, and technical features as major indicators, is an important reference for financial institutions to provide commercial credit and developers to choose the inverter brand.
“All participants consider Sungrow bankable this year,” the survey said. “Sungrow continues to have a strong presence in the global inverter market for debt-financed projects.”
The honor depends on Sungrow’s continuous efforts to fulfill the mission of “Clean power for all”. Given the largest R&D team in the industry, the Company continues to offer robust PV inverter solutions to maximize the return on investment of investors. For example, its latest flagship product, the modular inverter leads the next generation development of solar plants. The modular design combines the advantages of string and central inverters. In addition, the Company’s SG350HX has released a revolutionary trend for 300kW+ string inverters, further optimizing the project’s LCOE.
“We are at the top of the market in various areas. For example, Sungrow is also the No.1 inverter supplier with 47 GW of PV inverter shipments in 2021 according to IHS Markit which is now a part of S&P. As a a dedicated and reliable trailblazer with a 25-year track record in the industry, Sungrow is ready to serve the growing number of projects with reliable, trouble-free, and sustainable products and services,” commented Jack GuSenior Vice President of Sungrow.
About Sungrow
Sungrow Power Supply Co., Ltd. (“Sungrow”) is the world’s most bankable inverter brand with over 269 GW installed worldwide June 2022. Founded in 1997 by Professor Cao Renxian, Sungrow is a leader in research and development of solar inverters with the largest dedicated R&D team in the industry and a broad product portfolio offering PV inverter solutions and energy storage systems for utility-scale, commercial and industrial, and residential applications, as well. as internationally recognized floating PV plant solutions, NEV driving solutions, EV charging solutions and renewable hydrogen production systems. With a solid 25-year track record in the PV space, Sungrow’s products power over 150 countries worldwide. Learn more about Sungrow by visiting www.sungrowpower.com.
SOURCE Sungrow Power Supply Co., Ltd.
