New Benchmark for Photovoltaic Industry: BloombergNEF Updates Tier 1 Solar Panel Manufacturers Entry Criteria

Edited in September 2024— BloombergNEF (BNEF) has recently announced significant updates to the entry criteria for its Tier 1 Solar Panel Manufacturer List. The new standards emphasize large-scale project supply capabilities, financing diversity, information transparency, and high-quality production.

The updated criteria require companies to supply at least 5MW of self-branded modules to six different PV projects within two years, while securing non-recourse financing from six different commercial banks. Additionally, project information must be complete and accurate, encompassing key details.

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These updates aim to enhance the transparency and reliability of the PV market, ensuring that selected manufacturers possess top-tier capabilities and credibility. This move will encourage PV module manufacturers to continuously upgrade their capabilities to meet the heightened requirements, while also providing clearer decision-making guidelines for investors and financial institutions.

Amidst the growing global demand for renewable energy, the PV industry is embracing new development opportunities. BNEF's updates will set a new benchmark for the industry, guiding the PV sector towards even greater heights.