The corporate has been a BNEF Tier 1 firm since 2017
SAN JOSE, Calif., Nov. 28, 2022 /PRNewswire/ — Boviet Photo voltaic Know-how Co. Ltd. (Boviet Photo voltaic), a number one international photo voltaic vitality expertise firm specializing within the manufacturing of Monocrystalline PERC PV cells, Gamma Sequence™ Monofacial and Vega Sequence™ Bifacial PV Modules, has been ranked as a Tier 1 PV module producer by BloombergNEF (BNEF) each quarter in 2022. Boviet Photo voltaic additionally achieved BNEF Tier 1 ranking each quarter in 2021.
Boviet Photo voltaic ranked a BloombergNEF Tier 1 PV module producer each quarter in 2022, repeating 2021 efficiency.
BloombergNEF’s tiering system for PV module producers relies on bankability, to assist consumers of PV modules distinguish between the lots of of modules out there at present. To be ranked as Tier 1, the producer should have provided in-house manufactured PV modules to 6 totally different non-recourse initiatives financed by six totally different banks within the final two years. Since non-recourse financing doesn’t permit 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.
“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,” stated. Jimmy XieCEO of Boviet Photo voltaic.
Bloomberg says its tiering system isn’t an alternative to due diligence, however as an alternative presents bankability as a further 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 on the lookout for a PV module companion, bankability is as vital as the perfect PV modules and price effectiveness,” stated Sienna Cen, President of Boviet Photo voltaic deer. “Being ranked as a Tier 1 photo voltaic module maker by BloombergNEF offers Boviet third-party validation of our monetary power—a terrific complement to our expertise, engineering, and manufacturing capabilities. A wise 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 presents 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 prime performers within the PVEL module reliability scorecard since 2019.
About Boviet Photo voltaic
Established 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 manufacture of Monocrystalline PERC cells, Gamma Sequence™ Monofacial and Vega Sequence™ Bifacial PV modules, in addition to photo voltaic challenge growth. The corporate works with IPPs, EPCs, challenge 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 report of success working with many main business gamers, Boviet Photo voltaic has maintained its place as a BloombergNEF Tier 1 photo voltaic module producer and provider since 2017. The corporate presents monetary stability, 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 prime performers within the PVEL module reliability scorecard since 2019. Boviet Photo voltaic has places of work in deer and Germany’s, and its international headquarters is in Vietnam. For extra data, please go to www.bovietsolar.com.
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SOURCE Boviet Photo voltaic
