Bloomberg BNEF ranks LONGI Solar as World No.2 by Financial Health
LONGi Solar Ranks among Global Top 10 PV Module Brands by Bankability
Bloomberg New Energy Finance is a leading provider of global PV business dynamics and financial information. Its PV Module Maker Tiering System is an important basis for global PV industry insiders to make decisions. Two of the most important evaluation criteria are "bankability" and "financial health".
More Headlines
- Pusan National University Researchers Develop Game-Changing Method to Create Safer, Long-Lasting Lithium-Ion Batteries
- SolaREIT Surpasses $125M in Battery Energy Storage Land Financing
- Solestial Awarded $1.2M by SpaceWERX for Space Solar Development
- The Importance of Gas Changeover Manifold System in Solar Module Manufacturing
- SGX-Listed Mooreast Partners Norway's GeoProvider AS For Geotechnical Solutions for Floating Energy; Signs MoU with South Korea's KOCECO
According to the latest 2017Q2 rating report, LONGi Solar, which only entered the module market two years ago, is put on the list of "global top 10 PV module brands used in most debt-financed projects"; and its financial health ranks No.2 in the world and No.1 in China among all PV module makers.
- LONGi Solar Ranks among Global Top 10 PV Module Brands by Bankability
"Bankability" refers to whether projects using the solar products are likely to be offered non-recourse debt financing by banks.
Based on completed projects tracked down by its database, including 5,300 PV projects in the past two years, Bloomberg New Energy Finance made a debt financing brand tiering of global "tier 1" module makers, and LONGi Solar entered TOP10 (by projects after June 2015) with flying colors.
- Financial Health - No.2 in the World, No.1 in China
Altman-Z score is a ratio indicator that reflects the manufacturer's financial health, which effectively reflects the likelihood of a company's bankruptcy within two years. Score Z> 2.6 indicates that the enterprise is in a safe area, 1.1
The results of the Bloomberg report show that in 2017Q2 only three module companies are in the "safe area", and LONGi Solar is the only Chinese module manufacturer, demonstrating excellent financial health.
Featured Product
OMCO Origin® Factory-Direct Trackers
A One-In-Portrait (1P) solution for a wide range of solar projects within utility scale, distributed generation (DG), and community solar markets manufactured and factory preassembled in the USA at OMCO Solar with full-scale support, and design for quick, easy and safe installation, and fewer trackers per MW. OMCO makes all structural components with domestic steel and this balanced design allows for more accurate targeting and reduced energy consumption. OMCO Origin® Factory-Direct Trackers include universal module mounts with options for all commercially available modules, labor-saving bearings with 6 adjustable ways to compensate for posts and terrain issues, and foundation solutions for every terrain including OMCO C Piles.
