Trina Solar Limited, a global leader in photovoltaic modules, solutions, and services, 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 report for the preceding (2016) year, the company has now once again been given a top rating by banks, EPCs, consultants and industry experts who participated 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.
“This outstanding result confirms Trina Solar’s permanent endeavor in the fields of product quality and reliability, top performance, innovation and solid financial management,” said Rongfang Yin, Vice President of Global Sales and Marketing at Trina Solar.
“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.”
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.
Founded in 1997 as a PV system integrator, Trina Solar today drives smart energy together with installers, distributors, utilities and developers worldwide.