Chinese manufacturer’s modules are number one in bankability report for a third year running – an industry first.
Trina Solar Limited has received a top rating in the latest annual module bankability report published by Bloomberg New Energy Finance.
With this latest report, Trina Solar is now the only module manufacturer to have been rated as fully bankable three times in a row by 100% of industry experts participating in the BNEF survey.
When assessing the bankability of a PV manufacturer, banks focus on the financial health of the company; the track record of its modules; and the manufacturer’s warranties, according to survey participants. For its survey, Bloomberg NEF contacted banks, funds, EPCs, independent power producers (IPPs) and technical advisors worldwide representing an installed PV capacity of 29 GW. BNEF also conducted a series of in-depth interviews with quality inspectors and technical advisors, complementing the survey.
Rongfang Yin, Executive Vice President of Trina Solar, said: “We are very proud of the great result Trina Solar has achieved once again in this renowned industry report. The fact that we keep holding the top spot, for the third year in a row, is not a coincidence but reflects a solid financial situation and healthy quality record, which are valued by banks and investors around the world who are deeply involved in project financing.
“This unbiased distinction may give additional reassurance to companies looking for a reliable long-time partner in an industry situation characterized by uncertainties, and where more fragile players are dropping out of the market.”
The latest BNEF report also quotes the PV Module Reliability Scorecard published by DNV GL, in which Trina Solar emerged as “top performer” among global module manufacturers for the fourth time since 2014.
The scorecard is the most comprehensive comparison of PV module reliability test results publicly available on the market. According to DNV GL, participating manufacturers are seeking third-party endorsement for their high-quality mindset.