More PV panels are being mounted - but still more are needed.Photo: Team Massachusetts 4D Home
PRESS RELEASE
SUZHOU, China, Sept. 2, 2016 /PRNewswire/ — GCL System Integration Technology (GCL-SI), (SHE: 002506), a subsidiary of the world’s leading energy group GCL, has been named in the Tier 1 list of Bloomberg New Energy Finance’s (BNEF), ranking of photovoltaic (PV) module manufacturers. On the list, GCL-SI is ranked No. 2 based on its annual solar module capacity.
BNEF’s tiering system categorizes hundreds of solar module manufacturers into three tiers based on bankability — the ability of solar product-related projects to acquire non-recourse debt financing from banks.
Tier 1 manufacturers have to prove they are able to provide own-brand, self-made products to five different projects that are non-recourse financed by five different (non-development) banks. BNEF also only considers projects that have over 1.5 MW capacity.
Featuring on BNEF’s tiering system demonstrates that GCL-SI fulfills all its criteria.
Mr. Shu Hua, president of GCL-SI, said, “GCL-SI has grown quickly since its establishment. In less than a year, we have developed international projects that reach BNEF standards. It is a rare case in the solar industry.”
The “Tier 1” list has been widely used in manufacturing forecasts and preliminary competitor analysis as an important method to distinguish the major, bankable suppliers in the PV industry. It is reviewed and updated every quarter with new information added to BNEF’s database.
“With GCL-SI on the Tier 1 list, it signifies our ability to secure debt financing from banks and to provide quality PV module products,” added Mr. Shu. “It will also bring our company more opportunities to explore the market and allow us to contribute more to global green energy.”
In 2024, Renew Economy's traffic jumped 50 per cent to more than 24 million page…
In our final episode for the year, SunWiz's Warwick Johnston on the highs and the…
CEFC winds up 2024 with record investment in two huge transmission projects, as Marinus reveals…
Regulator says big energy players are manipulating prices to their benefit. It's not illegal, but…
The builder of Australia's biggest battery project describes the country's long stringy grid as like…
Australia's biggest coal grid witnesses record output of wind energy - in the evening peak.