Category: News

PV ModuleTech 2019 video: Henkel’s Jon Burke

This year’s PV ModuleTech show in Penang opened once more a window into how manufacturers, and the developers they supply to, are navigating the rapid pace of innovation in the module making industry. The launch of the PV ModuleTech Bankability Ratings as the event got underway placed the spotlight on the financial and industrial health of the world’s top module manufacturers.

On the sidelines of the Malaysia show, PV Tech caught up with Jon Burke, solar market strategy head at Henkel. We quizzed him over the trends dominating conference floor discussions, from the top issues when benchmarking module quality today to IEC standardisation, bifacial applications and module manufacturing markets-to-watch.

See here for more information on the agenda, speakers and debate themes of this year’s PV ModuleTech, held in Penang on 22-23 October 2019 

See here for an initial piece taking stock of the PV ModuleTech 2019’s highlights, written as the event got underway in Malaysia

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PV ModuleTech 2019 video: PVEL’s Jenya Meydbray

This year’s PV ModuleTech show in Penang opened once more a window into how manufacturers, and the developers they supply to, are navigating the rapid pace of innovation in the module making industry. The launch of the PV ModuleTech Bankability Ratings as the event got underway placed the spotlight on the financial and industrial health of the world’s top module manufacturers.

On the sidelines of the Malaysia show, PV Tech caught up with Jenya Meydbray, CEO and co-founder of solar testing specialist PV Evolution Labs (PVEL). We quizzed him over the trends dominating conference floor discussions, from the barriers holding bifacial from mass-scale success to what, ultimately, constitutes bankability in today’s module manufacturing.

See here for more information on the agenda, speakers and debate themes of this year’s PV ModuleTech, held in Penang on 22-23 October 2019 

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PV Talk: Dr. Liyou Yang, general manager, Jinergy

Shanxi-headquartered Jinneng Clean Energy Technology Ltd. (Jinergy) has set itself a formidable target as it approaches its sixth anniversary as a solar manufacturer. The PV cell and module maker wants to double its production firepower in the space of a year, simultaneously ramping up R&D efforts to ensure its heterojunction line achieves mass-scale success.

Are the goals within reach? PV Tech put the question to Dr. Liyou Yang, Jinergy’s general manager, during a recent trip to China. Interviewed in downtown Shanghai, he fleshes out the plans for a manufacturing push next year and explains why China will remain central for Jinergy despite the recent downstream slump.

PV Tech: Could you briefly walk us through Jinergy’s inception as a solar manufacturer?

Dr. Liyou Yang: Our parent and energy group Jinneng is based in the Shanxi province, known for its energy contribution to the [Chinese] republic since its founding. About 10 years ago, as coal plants were being wound down and business became tough, they started thinking about how to respond to the challenge and saw renewables were pretty good – fixed tariffs for 25 years, feasible timetables to deliver projects, etc.

Jinneng began experimenting and built the first solar and wind farms in Shanxi. Following their first success they became more serious and formed a clean energy unit about six years ago, which has deployed 2GW of wind and solar so far. There were concerns about components, however: at times solar panels were in high demand so it was hard to get the right stuff. Jinneng thought – since we’re doing this, why don’t we extend the value chain to upstream? Jinneng thus saw the light as a solar manufacturer on the last day of 2013.

PV Tech: What is your current production capacity for PV cells and modules and what are your growth plans for 2020?

Dr. Liyou Yang: Right now we’ve got a PV cell and module production capacity of 2.2GW overall, with 900MW of the total mono-PERC and 100MW heterojunction. Production takes place at two factories in the Shanxi province, and we’re building a 100MW addition at one of the two as we speak.

Next year we want to push capacity up by 2.3GW, to reach a total of 4.5GW. The reason is we want to stay in the game, to catch up not only in terms of scale but also technology. Even within the same generation of technologies, evolution has been pretty fast – the PERC lines we see today are so much more efficient compared to lines built six or 12 months ago. We’ve waited a little bit but now it’s time to increase our capacity, and upgrade the overall technology content in the process.

PV Tech: Which locations and product lines will Jinergy specifically look at as it aims to double production in the space of a year?

Dr. Liyou Yang: The new 2.3GW is going to come from new factories. In the case of cell manufacturing, the facilities will definitely share the same location of our existing two factories [in Shanxi]. We have a pretty large campus there so land is already available – all we need to do now is build. For modules, we’re currently looking at a few options near seaports. We serve many overseas markets so our current bases are not as efficient in terms of exports.

With regards to technologies, for the 2.3GW of new production in 2020 we’ll still be doing mono-PERC. Within mono-PERC, however, we’ll be looking at the most advanced technology elements and equipment developed so far by the industry. We hope that we can produce the best cells in terms of efficiency and cost in our new factories. Obviously, a key aspect here is wafer size.

PV Tech: What about sales? What is Jinergy’s target for 2019 and where do you hope to be next year?

Dr. Liyou Yang: Our plan is to finish 2019 with over 2GW in product shipments, 40% of which should go to the domestic market and 60% overseas. We haven’t set sales numbers for 2020 as of yet but I think they could reach 2.5GW all in all.

In terms of specific products, uptake of our JNHM72 heterojunction module [which broke the 450W output mark this year, as Jinergy announced at the PV CellTech event in March] has been quite good but we remain focused on R&D for the time being. Costs remain on the high side with JNHM72 so we’re trying to push down on that to ensure we are competitive against the legacy products. The current goal is trying to get our second line in place, raising the performance level while reducing costs.

PV Tech: As you look to boost sales next year, do you think China can remain – given the slowdown evidenced by official stats – as important a PV market for Jinergy as it has been historically?

Dr. Liyou Yang: It is possible we might sell less to China next year. People have had quite optimistic expectations for Q4 2019 deployment but there is the planning and then there is the execution, the two may not come together – the final numbers may not be as good as people have thought

However, China remains the largest solar market worldwide and even if there are fluctuations, Jinergy represents a relatively small fraction of the total market share. We also concentrate fairly significantly on the Shanxi province, which we expect to do relatively well in the overall Chinese market. So even if there is a slight drop in domestic sales for us next year, we think the share will still be significant.

PV Tech: If overseas business does become even more central for Jinergy next year, what role do you expect Europe and the US will play in your shipments?

Dr. Liyou Yang: This year is only the second we are selling to Europe but we can definitely see it growing. Many of the countries there are growing although they are not alone; price decreases are stimulating the market environment worldwide so we see growth everywhere. In Europe we are looking at all major markets and we are gradually entering Germany, Spain and Ukraine in particular – we’ve already supplied around 100MW this year to the last of the three.

As for the US, we are not currently doing anything there but we’re still looking at ways in which to find business, whether through an O&M partnership or otherwise. We are also considering our options in terms of building factories overseas to avoid [the US’] Section 201 import tariffs. We’re doing a fair bit of business in India so a possibility could be that we build a factory there, either by ourselves or in partnership with someone else.

PV Tech: How important will India’s solar market remain for Jinergy going forward?

Dr. Liyou Yang: India is currently our big overseas focus. Over the past three years we’ve established a very good reputation among the country’s major players and customers. And since India is still poised to do well in solar in the coming years, we believe we’ve earned the trust to ensure we can continue to serve the market well.

Elsewhere in Asia, we’re opportunistically looking at all the major Southeast markets at the moment, with plans for direct deals with customers but also EPC companies who are doing business in those countries.

PV Tech: What do you think will be the top challenges for Jinergy next year, as it strives to outrun competitors and retain a strong foothold in the global solar market?

Dr. Liyou Yang: The biggest challenge in my mind is uncertainty, the doubts around how the world market will be collectively performing in 2020. Given the drastic cost decreases we’ve seen, particularly on the mono-PERC side, the key question for me is whether all this rapidly rising production capacity can be fully utilised.

For Jinergy, 2020 is going to be an important year for our continued R&D efforts around heterojunction. By the end of the year, we hope we’ll be able to reach our internal goals and targets for the expansion into this new innovation but we’ll have to see what the results are.

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GCL-SI bags A bankability score at PV ModuleTech 2019

China-headquartered GCL-SI was among the module makers recognised at this year’s PV ModuleTech, arranged in Malaysia by PV Tech’s publisher Solar Media.

The ‘Solar Module Super League’ (SMSL) member was one of four firms scooping up an ‘A’ rating under a new ranking for module manufacturers, unveiled during the two-day trade show in Penang’s G-Hotel Gurney this week.

PV Tech’s market research team awarded the score to GCL-SI – as well as several of its peers in its module making segment – after five years’ worth of painstaking data collection and module market research.

GCL-SI’s ‘A’ rating was meant to reflect its performance on the manufacturing front – shipment volumes and other parameters – but also the state of its finances, to help guide solar developers, EPCs and investors assessing the firm or other potential candidates as module suppliers.

For GCL-SI, the distinction comes as it presses ahead with efforts to ramp up business overseas. In late April, the firm revealed its module shipments beyond China reached the 2.3GW threshold in 2018, a 52.9% hike on 2017 records.

The manufacturer is working to keep up the momentum this year. By the end of 2019, according to the plans laid out in April, overseas shipments should account for 80% of the total. Target regions include Western Europe, Japan and South Korea.

The firm’s CEO, Eric Luo, caught up with PV Tech at this year’s Intersolar Europe edition. Speaking at the Munich event, he predicted China would witness 25GW worth of solar installations in the second half of the year, triggering a jump in module prices.

“In the second half [of the year] the module price will go up 10-15% easily. China will install 25GW in the second half of the year,” Luo told this publication.

“EPCs need to be securing supply now and making sure delivery will be on time. I’d repeat what I said at Davos: the party is over for cheap modules. That price rise will begin in H2. Around 5GW was installed in the first quarter and I’d expect perhaps 5GW in Q2 and now 25GW in the rest of the year,” GCL-SI’s CEO added.

The firm’s latest financial reports show full-year revenues were down 22% between 2017 (RMB 14.44 billion) and 2018 (RMB 11.1 billion). Net profits, meanwhile, soared by 89.16% year-on-year, reaching RMB34.9 million (US$5.2 million).

See here for more information on the agenda, speakers and debate themes of this year’s PV ModuleTech, held in Penang on 22-23 October 2019 

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Downstream solar meets upstream innovation at PV ModuleTech 2019

Bifacial module yields, manufacturer bankability probing and quality benchmarking strategies have all taken centre stage at this year’s edition of PV ModuleTech in Malaysia.

Operators from the upstream and downstream end of the solar scale descended on the two-day conference this week, organised by PV Tech publisher Solar Media, to check the pulse of a fast-changing PV module landscape.

Developers and EPCs gathered at Penang’s G-Hotel Gurney were offered a window into the financial and manufacturing health of the PV module makers they rely on to equip ever-larger installations, at a time when solar roll-out is booming worldwide.

PV Tech’s Head of Market Research Finlay Colville went on stage on Tuesday morning to introduce the PV ModuleTech Bankability Ratings, the result of five years’ worth of exhaustive data collection and module market research.

Conference attendees were presented with a credit agency-like ranking of the world’s leading module manufacturers, which were assessed based on their manufacturing performance – shipment volumes and other parameters – but also the state of their balance sheet.

The new Bankability Ratings – catering to developers and EPCs working on non-residential 50MW-plus projects in 2020 and 2021 – will help downstream PV players shortlist module suppliers before they resort to expensive third-party due diligence specialists, said Solar Media CEO David Owen.

“We’re trying to encourage a dialogue between developers, EPCs and the technology,” Owen added. “Engaging with module innovation and understanding the product and how it fits with sites will have a huge impact on yields and by extension, financials.”

Realistic yield data to move beyond bifacial hype

PV ModuleTech 2019, the fourth edition of the series, also opened the floor to module makers themselves. First Solar, LONGi Solar, Hanwha Q Cells, Jinko Solar, Jinergy, Seraphim, Risen Energy and Talesun were among those shedding light on their latest product and research milestones.

Conversations on the sidelines of the Penang conference evidenced the scrutiny these firms face over financial decisions is not letting up. A downstream operator shared, for instance, concerns over manufacturers’ increasing propensity to delist from stock exchanges.   

Elsewhere on the show, bifacial stole a considerable share of the spotlight. Research heavyweights including the PV Evolution Labs and National Renewable Energy Laboratory went on stage to help fill the information gaps of developers and EPCs contemplating a move to two-sided modules.

At a time of sweeping bifacial boom forecasts – with consultancy Wood Mackenzie predicting the market will surge ten-fold to 21GW by 2024 – various PV ModuleTech speakers tried instead to paint a realistic picture of bifacial yields, based on the real-world performance data emerging so far. 

Subsequent talk on the conference floor touched upon the specific markets bifacial will be a better fit with. Some pondered whether two-sided modules could, given their suitability for high-refraction environments, unlock PV growth in Scandinavia and other of the world’s cloudier, snowier regions.

Geopolitics also found their way into the discussions behind the scenes at PV ModuleTech 2019, with questions raised over how the US’ u-turn with Section 201 trade barriers – extending them this month to previously exempt bifacial modules – will impact global module trade flows.

This week’s formal launch of PV ModuleTech Bankability Ratings in Penang came after the system was introduced by Colville over a six-part article series, laying out the steps followed with data collection and the methodology underpinning the metrics.

See here for more information on the agenda, speakers and debate themes of this year’s PV ModuleTech, held in Penang on 22-23 October 2019 

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PV ModuleTech: The need for accurate performance measurements

Recently, PV-Tech took the opportunity to catch up with Erik Bentschap Knook, Chief commercial officer at Eternalsun Spire and a key partner at the forthcoming PV ModuleTech 2019 in Penang.
 
We talked about some of the new industry trends in module manufacturing and technology, and how Eternalsun Spire has been working to address these trends. 

What have been key industry trends in the sector this past year and how has Eternalsun Spire addressed these trends?

Erik Bentschap Knook: “A major key trend this year is that the industry is becoming more aware of PV module performance outside of “Standard Test Conditions”. Temperature related and short term degradation effects like LID/ LeTID get much more attention from PV manufacturers. This is mainly driven by the downstream market which is quickly becoming more quality aware. Especially, temperature related performance parameters like temperature coefficients gain more importance as they have a strong effect on yield in different regions. Measuring temperature coefficients accurately has been a challenge for PV industry and recent round robins show up to 10% uncertainty. In some cases, every 10% of measurement uncertainty leads to 1% of yield loss every year.

Our mission is to contribute to the growth of solar industry by providing the most accurate performance measurements to reduce the industry’s safety margins. Through smaller safety margins, less money is left on the table, which will be key to protect profit margins in this price competitive industry. Over the past year, Eternalsun Spire developed a dedicated testing process to decrease measurement uncertainty of temperature coefficients by 50%.”

So, how can Eternalsun Spire decrease measurement uncertainty of temperature coefficients and how is that different for high efficiency modules?

“Uncertainty in measuring temperature coefficients is driven by solar simulator light quality and unstable, non-uniform temperature control. With the introduction of high efficiency modules, many sun simulators are inadequate to measure the power output accurately. They have too short of a light pulse and do not have the UV and IR spectrum that is required. On top of that many traditional set-ups cannot control and especially stabilize temperature. The two effects combined lead to very inaccurate results.  

At Eternalsun Spire we developed a system and testing method with the goal to decrease measurement uncertainty of temperature coefficients. Unlike traditional test set ups, we introduce an accurate way to measure temperature coefficients, achieving reduction of safety margin by half. The set up combines the Spire Single Long Pulse laboratory flasher with a temperature control chamber which is placed on top of the flasher. The system has 270ms Single Long Pulse duration and extended spectrum from 300nm to 1200nm according to IEC 60904-9 ed.3 to test performance parameters of existing and future high efficiency modules. The temperature chamber enables 10-85C temperature range with -/+ 1C temperature uniformity, which is extremely uniform and can be held exactly stable.”

How is Eternalsun Spire involved in bifacial PV module testing & characterization?

“At Eternalsun Spire, we have two active members within the IEC TC82 WG2, in charge of IEC 60904-1 standard regarding IV measurements of bifacial PV devices and we have actively contributed to its development by conducting scientific research on single side illumination vs double side illumination test methods for bifacial commercial size PV modules. We are also participating in an inter-laboratory Round Robin for bifacial PV module measurements at OdinSpire, our bifacial-ready test laboratory in the harbor of Rotterdam.

In addition, we recently published a joined article with CEA INES with insights on how to accurately measure the efficiency of bifacial HJT modules. We are proud that leading R&D institutes have recently decided for our single long pulse technology, as it allows them to do a real measurement of even the highest efficiency technologies, including bifacial PV, without need of correction methods required for shorter pulses, which add uncertainty to the maximum power measurement.”

How can Eternalsun Spire help module buyers make informed purchasing decisions?

“We suggest module buyers to challenge the manufactures and become more aware of the quality of the selected modules. Eternalsun Spire can provide the tools and application knowledge to energy companies, EPCs, installers to do supplier and product evaluation for their PV projects. For this purpose, we set up OdinSpire, a quality inspection PV lab in Rotterdam harbor in the Netherlands. At OdinSpire we support module buyers to test the quality and power output of imported modules before installation. We perform a wide range of quality testing services such as performance at STC, temperature coefficients, energy rating, LeTID.” 

We noticed you made a slight name change. Can you elaborate why?

“We decided to merge the two brand names as we are the combination of an innovative, young company – Eternal Sun – and an industry recognized name with broad experience company – Spire Solar. This combination creates a unified environment to keep developing innovative and high quality solutions for our customers.”

What are you looking forward to hearing about at PV ModuleTech 2019?

“PV ModuleTech is a great platform to meet with key players from the PV module value chain. The conference gives us the opportunity to discuss with a wide range of industry experts and further improve our solutions for quality control of existing and future PV module technologies.”

 

There is still time to attend the PV ModuleTech next week. Click on the link here to register to attend.

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EU backs bid to take CPV to mass production amid 29% efficiency claims

A solar PV technology claiming to have achieved 50% higher output than conventional systems in tests has bagged EU research money to speed up its move to large-scale production.

A €10.6 million (US$11.7 million) EU grant will help bankroll the setup of a European pilot assembly line for a concentrated PV (CPV) technology developed by Swiss start-up Insolight, following tests of more than a year across the continent.

Funding from the EU’s Horizon 2020 programme will back the two-year HIPERION scheme, run by a 16-strong consortium led by Swiss research centre CSEM which includes the likes of Fraunhofer ISE, Mondragon Assembly, Argotech, ENGIE Laborelec and European universities.

HIPERION’s promoters claim to have recorded efficiency levels of 29% when Insolight’s systems were trialled pre-production, which they link to the use of planar optical micro-tracking to focus sunlight on multijunction solar cells installed atop conventional silicon backplanes.

“[An efficiency of] 29% is achieved within a planar concentrator. Thanks to micro-tracking, light is focused (~200 times) on small 1mm2 III-V/Ge solar cells,” Christophe Ballif, VP of Photovoltaics & Energy Systems at CSEM, explained when approached by PV Tech this week. According to him, the certified efficiency was even higher with smaller devices, reaching 36.4%.

“Most importantly the new generation also includes a backplane low-cost silicon modules. This means that the system will continue to work under diffuse or cloudy conditions, with the efficiency of silicon, and will still capture diffuse light on sunny days,” Ballif added.

CPV players in bid to turn the page after tough years

The rise of a new CPV-type proponent comes after tough years for players in the segment, as a failure to keep costs in check made large-scale success an unattainable prospect for many. HIPERION, Insolight’s CEO said in a statement this week, will try and bring the milestone closer by showcasing its technology to solar manufacturers at qualification tests and commercial pilot sites.

CSEM’s Ballif believes the technology’s viability was already evidenced by tests so far across various European locations. “First prototypes without Si backplane have been on the field, on 0.4m2 modules, showing robust tracking and conversion efficiency,” he says. Outdoors trials for over a year showed modules did not degrade, enduring winter conditions, heatwaves and storms, he adds.

Quizzed by this publication, Ballif claims no major technological weakness has emerged so far but concedes “a lot of work” remains necessary to optimise system optics, micro-tracking and find competitive assembly solutions. The consortium’s mix of researchers, module makers, actuator providers and others makes it well positioned to tackle all these challenges, he claims.

Show me your money

Pressed over how HIPERION will overcome the long-time nemesis of CPV schemes – uncompetitive levelised costs of energy (LCOEs) – Ballif declined to provide specifics for now. “We have our first estimates of LCOEs but we want to move forward with the project, which will give us a better estimation of the potential and the costs,” he said.

According to the CSEM VP, the HIPERION consortium has a particular avenue in mind for Insolight’s technology to start inching towards mass success. “The product will clearly not start addressing large solar parks, but focus first on space-constrained systems where there is much more value to efficiency,” he explained, pointing at rooftops as an example.

The technology, Ballif insisted, is a “different product” to what he described as “conventional” CPV predecessors. He added: “Besides, the technology involves a few module-level assembly steps, which can be “added” at the end of existing production lines, taking leverage of production capacities already in place. No complex cleanroom processes are required.”

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Q CELLS achieves 91% bankability score in latest BloombergNEF survey

‘Solar Module Super League’ (SMSL) member, Q CELLS scored a 91% bankability rating in the latest Bloomberg New Energy Finance (BloombergNEF) latest Solar Module & Inverter Bankability 2019 report.

The 91% bankability rating was achieved within BloombergNEF’s survey as part of the full report that asks banks, funds, developers, EPCs and technical due diligence firms, which brands out of 48 modules manufacturers they considered bankable.

Q CELLS CEO Hee Cheul (Charles) Kim said: “The DNA of Q CELLS has always been – and will always be – rooted in our commitment to product quality and reliability. With such a foundation, Q CELLS has been able to grow into a trusted solar brand that continuously delivers excellent quality and unbeatable peace of mind for the customer. Our robust financial footing and bankability – as recognised by BloombergNEF – is a testament to this mindset, which always seeks to place technical excellence at the forefront of everything the Company does.”

Q CELLS has approximately 10.7GW of module production capacity at four manufacturing facilities in the Malaysia, China, South Korea and recently opened its first major module assembly plant in the US as the company is the largest module supplier to the residential rooftop market in the country. 

First PV module supplier bankability ratings tool created by PV Tech research team

PV-Tech research team has recently introduced a new methodology that allows leading PV module producers to be categorised by manufacturing and financial strength metrics, ultimately providing an investor-risk (or bankability) profile for non-residential end-market selection, which has been detailed on six articles on PV-Tech.org.

The output from the analysis – undertaken by the PV-Tech research team over the past five years – will form a key part of my opening talk at the forthcoming PV ModuleTech 2019 conference in Penang, Malaysia on 22-23 October 2019.

Finlay Colville, Head of Research, PV Tech & Solar Media will deliver online webinars over 21-22 August 2019 (register to watch here), and give the 45-minute opening talk at the forthcoming PV ModuleTech 2019 conference in Penang, Malaysia on 22-23 October 2019.

In particular, during the forthcoming webinar presentations on 21-22 August 2019, I will reveal for the first time which PV module suppliers fall into the highest PV ModuleTech Bankability ratings grade today.

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Wuxi Suntech ranked seventh in BloombergNEF bankability survey

China-based PV module manufacturer, Wuxi Suntech Power Co has been ranked seventh highest in the latest Bloomberg New Energy Finance (BloombergNEF) ‘Solar Module & Inverter Bankability 2019’, report.

The new ranking, which enabled the company to climb 11 places in BloombergNEF’s latest bankability rating survey that asks banks, funds, developers, EPCs and technical due diligence firms, which brands out of 48 modules manufacturers they considered bankable.

Suntech is also represented the list of Top 15 BloombergNEF’s PV module bankability results and ranks Tier 1 in the BloombergNEF report as well as the world’s sixth most bankable PV module brand of all time, according to the company.

He Shuangquan, President of Suntech said, “Since launching 19 years ago, Suntech has striven to deliver high-quality, reliable and cost-effective PV products. Our ranking demonstrates that we have strong financial footing and are a trusted partner for projects, providing long-term and stable returns on investment for our customers.”

‘Solar Module Super League’ (SMSL) member LONGi Solar, a subsidiary of LONGi Green Energy Technology has achieved its highest ratings to date in the same report. 

First PV module supplier bankability ratings tool created by PV Tech research team

PV-Tech research team has recently introduced a new methodology that allows leading PV module producers to be categorized by manufacturing and financial strength metrics, ultimately providing an investor-risk (or bankability) profile for non-residential end-market selection, which has been detailed on six articles on PV-Tech.org.

The output from the analysis – undertaken by the PV-Tech research team over the past five years – will form a key part of my opening talk at the forthcoming PV ModuleTech 2019 conference in Penang, Malaysia on 22-23 October 2019.

Finlay Colville, Head of Research, PV Tech & Solar Media will deliver online webinars over 21-22 August 2019 (register to watch here), and give the 45-minute opening talk at the forthcoming PV ModuleTech 2019 conference in Penang, Malaysia on 22-23 October 2019.

In particular, during the forthcoming webinar presentations on 21-22 August 2019, I will reveal for the first time which PV module suppliers fall into the highest PV ModuleTech Bankability ratings grade today!

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LONGi Solar’s bankability ratings top 91% in latest BloombergNEF survey

‘Solar Module Super League’ (SMSL) member LONGi Solar, a subsidiary of LONGi Green Energy Technology, has achieved its highest ratings to date in the recently released Bloomberg New Energy Finance (BNEF) Solar Module & Inverter Bankability 2019, report.

Within BloombergNEF’s latest bankability rating survey that asks banks, funds, developers, EPCs and technical due diligence firms, which brands out of 48 modules manufacturers they considered bankable, LONGi Solar was rated 91% bankable, its highest ever ranking.

LONGi Solar was also ranked within BloombergNEF’s latest report as the most creditworthy module manufacturer. Its Altman-Z score of 3.1 indicates strong financial health and bankruptcy to be highly unlikely, and is the highest score among pure-play module manufactures, according to the report.

LONGI was the second most used brand with 1,447MW deals financed, according to the latest BloombergNEF’ report, out of its Top 15 PV module suppliers.

First PV module supplier bankability ratings tool created by PV Tech research team

PV Tech research team has recently introduced a new methodology that allows leading PV module producers to be categorised by manufacturing and financial strength metrics, ultimately providing an investor-risk (or bankability) profile for non-residential end-market selection, which has been detailed on six articles on PV-Tech.org.

The output from the analysis – undertaken by the PV Tech research team over the past five years – will form a key part of my opening talk at the forthcoming PV ModuleTech 2019 conference in Penang, Malaysia on 22-23 October 2019.

Finlay Colville, Head of Research, PV Tech & Solar Media, will deliver online webinars over 21-22 August 2019 (register to watch here), and give the 45-minute opening talk at the forthcoming PV ModuleTech 2019 conference in Penang, Malaysia on 22-23 October 2019.

In particular, during the forthcoming webinar presentations on 21-22 August 2019, I will reveal for the first time which PV module suppliers fall into the highest PV ModuleTech Bankability ratings grade today.

Read the entire story

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