Boviet Solar I Bloomberg New Energy Finance Ranks Boviet Solar Tier 1 PV Module Manufacturer

Boviet Solar Technology Co. Ltd. (Boviet Solar), a leading solar energy technology company specializing in monocrystalline PV cells and advanced Gamma Series Monofacial and Vega Series Bifacial PV Modules, is proud to announce its continued recognition as a Tier 1 PV module manufacturer by Bloomberg New Energy Finance (BNEF) for Q3 2024. This prestigious ranking reflects Boviet Solar’s ongoing commitment to excellence and was first achieved in 2017. 

BloombergNEF, a renowned provider of research and analysis on the transition to a lower-carbon economy, utilizes a rigorous tiering system based on bankability to differentiate among the multitude of PV module manufacturers in the market. To attain Tier 1 status, manufacturers must provide their own-brand, own-manufacture products to six distinct solar projects, each financed non-recourse by six different banks, within the past two years. These projects must be 5.0 MW or larger and tracked in the BNEF database, with publicly available details on project location, capacity, developer, bank, and module maker.

Scott Chen, VP of Global Sales and Marketing at Boviet Solar, stated, “Maintaining our Tier 1 ranking from BNEF is a testament to Boviet Solar’s overall strength and our competitive advantage as a reliable and trusted partner in the solar energy industry. This recognition underscores our dedication to providing high-quality, bankable solar solutions.”

Sienna Cen, President of Boviet Solar USA, added, “As demand for our PV Modules grows in utility-scale and large commercial and industrial applications, our commitment to delivering best-in-class products and exceptional service is being recognized. We extend our sincere gratitude to our clients and partners for their continued trust and support.”

BNEF’s Tier 1 bankability rating is a critical benchmark for investors, developers, EPCs, and asset owners. It provides a reliable indicator of a manufacturer’s long-term viability and product reliability, guiding capital allocation, supplier selection, and project execution. This rating helps stakeholders assess performance, manage risks, and make informed decisions, thereby fostering competition and promoting industry standards.

In addition to this accolade, Boviet Solar has also been ranked among the top 10 PV module manufacturers by Wood Mackenzie and recognized as one of the top 10 financially stable PV module manufacturers by Sinovoltaics this year. These rankings highlight Boviet Solar’s exceptional performance, financial stability, and leadership in the global solar market. 

Boviet Solar | www.bovietsolar.com