China’s photovoltaic modules manufacturer Trina Solar, has received a top rating in the latest module bankability report, published by Bloomberg New Energy Finance (BNEF). After having obtained the top spot among all its industry peers in the previous 2016 report, Trina Solar has now once again been rated bankable by 100% of the banks, EPCs, consultants and industry experts participating in the BNEF survey.
For its global module bankability report, Bloomberg New Energy Finance asked banks, EPCs, independent power producers and independent technical due diligence firms which PV module brands they considered bankable. Quoting from BNEF’s definition, ‘bankable’ means the willingness of a bank to provide a non-recourse loan for a project that uses a specific PV module brand. Banks typically decide whether to make a loan to a PV project if they feel comfortable with the product quality of modules and if the manufacturer is financially healthy, so that it can honor the product warranty. Respondents to this latest survey hold approximately 15GW of financed or owned capacity in PV projects, and more than 100GW under inspection by technical consulting companies.
Rongfang Yin, Vice President of Global Sales and Marketing at Trina Solar said:
“This outstanding result confirms Trina Solar’s permanent endeavor in the fields of product quality and reliability, top performance, innovation and solid financial management. We are very proud to be holding the top spot in this renowned BNEF industry report, especially because this rating has come from banks, investors and other parties deeply involved in PV project financing.” Rongfang Yin continued, “It is reassuring to see that consistency pays off in the long run, creating trust in Trina Solar and leaving some premium-brand competitors behind in terms of bankability rating.”
Reflecting the confidence in Trina Solar’s bankability, the latest BNEF report also reveals that Trina Solar holds the largest volume in debt-financed projects among all c-Si module manufacturers, as tracked by the BNEF desktop, with approximately 3GW of its modules installed in such PV power plants around the globe.
Source: Press Release by Trina Solar . Image Credit: © Trina Solar.