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Trina Solar has earned the trust and recognition of customers worldwide with its highly reliable products, and its bankability remains at the top level. Due to its longstanding commitment to product quality, Trina has also recently been recognized as a "Top Performer" by PVEL for the eighth consecutive year. Extensive efforts are taken by PV module suppliers to create a perception with customers of technical differentiation and leadership; often this has the appearance of brand positioning, rather than being supported by any major performance benefits, or matched by investments into CAPEX (in particular for line upgrades) and R&D. In terms ofenergy yield, TV Rheinland, a global leader in testing and certification, has conducted empirical data analysis of the energy yield of Trina Solar 210 Vertex 600W+ modules on a global scale. At every stage of analysis, the solar manufacturer candidates are being compared based on how the module makers have been perceived in the market from a bankability/investment perspective. ReNew Power To Invest $8 Billion To Set Up Green Hydrogen Plant in Egypt, Clean Energy Share In Dubais Energy Mix Is Expected To Reach 14% By The End Of 2022, Advanced Industries Plans To Build A Solar PV Manufacturing Plant In Oman, Veolia And TotalEnergies Partner To Build The Largest Solar System For A Desalination Plant In Oman, Food And Agriculture Organisation Of The United Nations Inaugurates Solar Energy Facility At Its Headquarters In Jordan, Iran Inaugurates Its Largest Solar Panel Production Line Of 500 MW Capacity, The Arab Water Council And Partners Convene The Environment & Development Forum 2022, Electrolux Join Forces With SolarizEgypt For Building Solar Power Plants, DEWA To Invest AED 40 Billion In 5 Years For The Expansion Of Renewable And Clean Energy Projects. The model and figure below involve putting classification, terminology and description to the numbers generated. The strict criteria and methodology of PV-Tech Research are indeed helpful in categorizing which solar manufacturers are profitable and performing well in the industry, in terms of manufacturing and financial statuses. BNEF has developed a tiering system for PV module products based on bankability and a set of strict criteria, to create a transparent differentiation between the hundreds of manufacturers of solar modules on the market. With these actions, Trina Solar is committed to working with its partners to build the energy IoT ecosystem and develop an innovation platform to explore New Energy IoT, as it strives to be a leader in global intelligent energy. Lighting Up The Ideal Home | Episode 2: What Are The Specific Applications For Distributed PV Power Generation? The PV ModuleTech Organization conducts solar PV manufacturer bankability reports by quarter and yearly to provide the list of leading bankable module brands worldwide. Based on a proprietary analytical model to establish bankability scores and ratings, the report combines both the manufacturing and financial health of companies, the latest issue covering more than 50 PV module suppliers. We will discuss here the role of the three factors and their relationship to one another. Now that were done with manufacturing factors, we will proceed to the other factor contributing to the bankability score of solar PV suppliers. Heres how (By Cynthia Samuel-Olonjuwon). In R&D expenditure, LONGi significantly leads the PV industry in R&D investment in the past few years, becoming the key factor in the whole industry moving from multi to mono as the dominant technology. Save my name, email, and website in this browser for the next time I comment. For premium grade, the rating grades fall between AAA, AA, and A ratings, which is shown in the figure below. Learn how your comment data is processed. Trina's high value Vertex modules, from the Vertex S 410W to the 600W+ ultra-high-power version, cover both residential and large ground mounted power plant applications and have displayed a combination of excellent reliability, high energy yield and low LCOE. The resulting module capacity (Cap) value by the company (i) by manufacturing zone (p=18) is expressed as: Meanwhile, in the manufacturing technology strength score (T) the PV solar module suppliers are being ranked by assessing the investments of solar manufacturers on their capital expenditure (CAPEX), research and development (R&D). For this small companies grouping, their financial health coverages by certain financial analysts often have the highest standard. .switcher .option a:hover {background:#fff;}
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But how will you assure that the solar manufacturer you will choose can uphold its warranty? E-mail:[emailprotected]|www.Fekracomms.com, About Trina Solar (688599. The 210mm Vertex modules have been tested by PVEL, RETC and many other world-renowned third-party reliability testing agencies. Vertex modules are fully compatible with the trackers of 14 global leading manufacturers and 238 inverter products of 22 mainstream inverter manufacturers. By default, the bankability score (B) is derived from the final output of the two terms, as opposed to any weighted summation. Notify me of follow-up comments by email. In terms ofsystem value, five leading organizations Fraunhofer ISE, DNV, BLACK &VEATCH, Enertis Applus+ and UL have studied various module sizes in Australia, Brazil, Germany, Spain, the United Arab Emirates and the United States. In the solar industry, bankable manufacturing companies are more likely to be in the business for the long run and less likely to file for bankruptcy in the near future. Sometimes, the shipments are referred to merchant shipment volumes, particularly, removing any OEM supply or subcontract production line leasing on the list. The content is not monitored by the editorial team of African Business and not of the content has been checked or validated by our editorial teams, proof readers or fact checkers. PV Techs final bankability score is derived using a range of statistical analyses that involve gathering a wealth of data for each PV module supplier, going back 5-10 years. .switcher a {text-decoration:none;display:block;font-size:12pt;-webkit-box-sizing:content-box;-moz-box-sizing:content-box;box-sizing:content-box;}
This Press Release has been issued by APO. Now that the Supply, Capacity and Technology scores are explained, lets now further discuss how these three values are combined to form the M factor for each PV manufacturer at each quarter-end. .switcher .option::-webkit-scrollbar-thumb {border-radius:5px;-webkit-box-shadow: inset 0 0 3px rgba(0,0,0,.3);background-color:#888;}. (or simply ratings). Generally, the overall bankability result is calculated by solar manufacturers manufacturing scores and financial health scores. Annual and quarterly ratios of the financial analysis, metrics and overall benchmarked module supplier strengths. The rest of the candidates fell under the second tier and speculative category. Trina Solar (www.TrinaSolar.com) has once again made it to the list of tier 1 PV module makers in the Bloomberg New Energy Finance market outlook for the second quarter, thanks to its outstanding reliability, 100% bankability and expanding production capacity. Crown Advanced Material to Add BO Fluorine-Free Backsheets Production, TotalEnergies and Veolia partner to Build the Largest Solar System for a Desalination Plant in Oman, JinkoSolar s Subsidiary Jiangxi Jinko Announces Proposed Issuance of Convertible Bonds of up to RMB10 Billion, Solar Alliance Completes Construction of 500-KW Utility Solar Project for LG&E and KU in Kentucky, Effects of COVID-19 on the German PV Market Manageable, Development to Remain Steady With the Removal of the 52GW Cap, Number of Cancelled and Postponed Conferences Continue to Rise Amid Coronavirus Epidemic, Chinese Photovoltaic Enterprises Combine for More Than 80 Million Yuan in Donations Towards Coronavirus Relief Efforts, Risen Energy at Bloomberg Summit London: Asset Securitization Can Reduce the Leverage Cost of Energy Finance. Speaking at the Ministerial high-level policy dialogue at the EC. .switcher .selected {background:#fff linear-gradient(180deg, #efefef 0%, #fff 70%);position:relative;z-index:9999;}
Manufacturing health score is further broken down to the PV module suppliers supply/shipment, capacity and technology scores. Whereas the yearly ranking report tackles crucial manufacturing and financial metrics for top solar PV module suppliers. For the next few weeks, the PV-Tech research team will release the next quarterly report of PV ModuleTech Bankability Ratings 2022. Lets tackle again the formula that underpins the entire PV module bankability study: The relationship between the manufacturing values and financial values is quite intuitive as the bankability score (B) is directly proportional to the status of each manufacturing (M) and financial (F) health score. Most of the time, the downstream community of the solar PV industry, from project developers, EPcs to asset owners etc, are lacking an in-depth understanding of solar PV benchmarking. You can check it here. The global financial system finds itself in a very different situation from a few years ago when interest rates were at multi-year lows and stock prices were at all-time high highs, said Bertrand Badr, CEO of BlueOrange Capital. It was followed by Trina Solar, JA Solar, Risen, Hanwha Q Cells and GCL-SI with A-rated grades. from 8 AM - 9 PM ET. In the Module Supplier Hierarchy, the number of module suppliers having A or B Grade rating is further decreasing. ", Cision Distribution 888-776-0942 Additionally, the solar module suppliers should not be in the mix for 100-MW-plus projects. According to the company's 2021 financial report, it achieved revenue of $6.895 billion, a year-on-year increase of 51.2%, with total assets of $9.966 billion, a year-on-year increase of 39.36%. At the beginning of 2022, only 50 solar module brands managed to obtain a spot on the bankability ratings while only six solar PV manufacturers got A-Grade ratings. Full compatibility with trackers and inverters. Sometimes, they also tend to focus more on the financial health of their companies rather than the status of their manufacturing output. If you wish to get an in-depth understanding of the bankability methodology, you can visit the links below: Before the PV-Tech Research team released the top bankable module brands of the year, they underwent careful evaluation and analysis first. The PV module suppliers with bankability scores ranging from 5-10 are placed in the upper, premium grades; whereas, the lowest performers with scores between 0 and 2 are under the speculative grades. .l_name {float: none !important;margin: 0;}
Current she manages, collates, and curates the best stories from the leading tech companies. As a leading global PV and smart energy total solution provider, Trina Solar has long been committed to advancing technology research and development, and facilitating the application and popularization of green energy worldwide. If all shipments are domestic, then the companies are impossible to be selected for supply to overseas projects (at least where investor due-diligence is involved). PV ModuleTech Bankability Ratings Quarterly report, LONGi graded as only AAA-Rated module supplier in Q1 2020 PV ModuleTech Bankability release, publish your articles on SolarFeeds Magazine, click here, Most Efficient Solar Panels in 2022(commercially available), Australia Solar Energy Statistics in 2021. As a solar PV consumer, contractor and investor, you should consider a few factors in choosing the right solar panel supplier. Comparing with other A-Grade competitors, LONGi Solar is in positive territory in almost all key metrics. Based on our consistent financial performance, technology innovation and product value, we are proud to be ranked in the AAA category in PV Tech's bankability ratings. The given criteria below were crucial as part of the initial validation test. Once the conditions are accepted, the challenge is simply to identify the scaling constant (k), and the power factors (m and n), within the above equation. In the simplest term, when we say that a solar PV module manufacturer is bankable, it means that the manufacturing company is profitable, it has high reliability as a company, thus it is worth it to invest in. After careful evaluation, all data are converted into quarterly Bankability Ratings, which are ranked from AAA-Rated (highest) to C-Rated (lowest, highest-risk). Trina Solar scored 100% in the BNEF Bankability Survey in each of the six years to 2021 and is a tier 1 PV module maker, following the AAA rating in the PV ModuleTech Bankability report last week. The manufacturing supply factor (S) determines the market share of manufacturers by branded module shipment volume. Since the PV ModuleTech bankability rating is not solely based on the number of supplies and shipments, many solar manufacturers cant consistently make it to the top ranking. In the year 2021, its no surprise that LONGi Solar remained the top bankable solar module brand across the globe. Please correct the marked field(s) below. Also, the global shipments for utility deployment of each supplier must be in high-volume, for it to be in the top rating. The superior product value and AAA bankability of Vertex 600W+ modules have resulted in extensive application of the products worldwide. Bankability: 100% and AAA rating validating global trust. Trina Solar said in its financial report for 2021 that it plans to reach 65GW in module production capacity this year. PV ModuleTech Bankability Ratings Quarterly/Q222 Release, Recognized as a Top Performer by PVEL for the eighth consecutive year. Through vertical integration from wafer to cell to module production (all mono), LONGi has achieved recognition as the largest global PV module supplier today. Meaning, no matter how strong the scores of manufacturing or finances, the risk-mitigation during investor due-diligence, the bankability status cannot be compensated by only one of the M or F variables, being at the upper end of its respective 0-10 score bands. For example, Vertex 670 modulescan cut BOS costs by 6% and LCOE by up to 4.1%. To understand the dependence of the Supply, Capacity and Technology variables, you have to consider the final model accuracy (goodness-of-fit) for each manufacturing variable (S, C and T) terms. Solar module manufacturers are putting extra effort in forming a perception with customers of their technical differentiation and leadership. Week In MiddleEast: Iraq Awards Two Solar Power Projects To Chinese Companies; DEWAs IPP Projects Enhance Promising Investments Flow To The UAE And Dubai; UAE, France Ink Energy Partnership Agreements; Focuses on Energy Security, Affordability and Decarbonisation, ARAS Medical Devices & Equipments Co LLC Switches To Solar Energy With SirajPower, EWEC Issues Request For Qualification For 1,500 MW Al Ajban Solar PV Project, Technip Energies Of France And National Petroleum Construction Company Of UAE To Establish A New Company To Accelerate Energy Transition, Azure Sells 152 MW Rooftop Solar Assets to Radiance for Rs 536.5 Crore. It also factors the manufacturing zones at any given time to global module supply end-markets. .switcher .selected a {border:1px solid #ccc;color:#666;padding:3px 5px;width:161px;}
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PV-Tech and Solar Media Research recently released the 2021-Q1PV ModuleTech Bankability Quarterly RatingsReport which revealed LONGi Solar maintaining its position as the sole manufacturer in the top-tier position, continuing to be the only AAA-rated company among module manufacturers, the highest grade achievable. Even before, shipment volume has been used to rank solar PV makers, albeit in a very simplified and generic version. Lojayne Mohsen Jinko Kicks Off Phase II of the Jianshan Project for 11GW Solar Cell and 15GW Module, Trina Solar Begins Mass Production of New-Generation 430W Vertex S, Delivering Ultra-High Performance Modules for All Rooftops, Copyright 2022 PVTIME PV InfoLink projected early this year that 210mm cell capacity will reach 297GW in 2022, and module capacity will rise to 300GW. The module supply rankings always have restrictions when it comes to branded-module shipments to end-market customers. Based on the latest release of the PV-Tech ModuleTech quarterly report (2022) only six solar PV manufacturers made it to the top. LONGi, still being the top solar brand under the premium category with AAA-rating grades, followed by Trina Solar, JA Solar, First Solar, Jinko Solar with AA-rating grades and Canadian Solar with A-rating grades. According to PV-Tech, Trina Solarranked second worldwide in module shipments in 2021, and an analysis has shown that the company maintained that ranking in the first quarter of this year. For todays article, we are going to break down the details about PV Module Bankability including all the top bankable solar brands based on the PV Tech Research report. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Now that the two main variables affecting the bankability score are briefly explained, we will now explain how the manufacturing strength (M) and financial strength (F) values are combined to form an overall bankability/risk investment score for PV module manufacturers (B) based on the PV-tech Research bankability methodology that offers the first fully-researched benchmarking tool for investors, developers, EPCs, and asset owners of global solar PV sites today. In manufacturing capacity factor, the module quality, performance and reliability of each supplier are being tracked back to its cell manufacturing origin. However, bankability is not that straightforward, and its important to look for an accurate list of panel manufacturers bankability. This means that the global financial markets and the solar industry are confident in the innovation, reliability and stability of the modulesthat Trina Solar makes. Production capacity reaching 65GW in 2022. Reliability: passing rigorous tests of PVEL and RETC. How PV-Tech Research Ranks PV Module Manufacturers by Bankability? The data used is dominated by quantitative inputs (six years back and two years forward in the case of forecasted variables), with qualitative data kept to a minimum. Pilot project successfully delivered at the FIFA (www.FIFA.com) Arab Cup 2021 in collaboration with the Centre for Sport and Human Rights; Volunteers engage with fans to learn about their experiences and ensure that human rights programmes are informed by real-time feedback; App, By Cynthia Samuel-Olonjuwon, ILO (www.ILO.org)Assistant Director-General, Regional Director for Africa We shouldnt wait for development to end child labour. The contributions will be treated as independent quantitative factors and will find solutions to the coefficients (a, b and c) and the powers (p, q, and r). .switcher .selected a:after {height:24px;display:inline-block;position:absolute;right:10px;width:15px;background-position:50%;background-size:11px;background-image:url("data:image/svg+xml;utf8,");background-repeat:no-repeat;content:""!important;transition:all .2s;}
The company has also set a high benchmark for efficiency of its PERC and HJT cells. The issuer is solely responsible for the content of this announcement. Still, many solar suppliers are included in the lowest rating band (C) compared to the upper rating bands. Whereas, the other solar manufacturer candidates, namely Astronergy, Seraphim, Talesun and DMEGC fell under the second tier with B-rated grades. Whereas, Jinko Solar, Canadian Solar and First Solar remained under the premium category with AA-rating grades from Q1 to Q4. The analysis report is segmented across operating metrics such as liquidity, leverage, debt, profitability, valuation, revenue generation, sales portion from module business, and more. LONGi is arguably the most important manufacturing entity in the PV industry today, being the largest PV wafer supplier with a massive 60-GW-plus mono capacity in China. The company engages in PV products R&D, manufacture and sales; PV projects development, EPC, O&M; smart micro-grid and multi-energy complementary systems development and sales, as well as energy cloud-platform operation. These are some of the reasons why there are only a few solar module suppliers in the premium, AAA-rating grades and most of the suppliers only managed to be on the very bottom. Fekra Communications Annual module shipment levels >1 GW for the calendar year 2018, Listing within Top-10 PV module suppliers by volume, for one or more of the past three calendar years, (Specific to Chinese-based module suppliers) >10% annual module shipment volumes to overseas markets (non-China) during the past three years. The outstanding performance of Trina Solar 210mm Vertex modules has been thoroughly confirmed by the comprehensive and stringent test sequences. PVTIME Advanced PV products, local market and supply chains have been at the center of discussions in the PVModuleTech Conference in Napa, California. Lastly, the suppliers in the middle grade with scores ranging from 2-5 are called second-tier. Among the companies on the Tier 1 list, only seven took part in both tests, Trina Solar being one of them. .switcher .option::-webkit-scrollbar {width:5px;}
Seven companies have A Grades (AAA, AA, A), while three falls into B Grade (BBB, BB and B). Consequently, having a strong companys books but lacking product availability, which is reflected in a low manufacturing health score, will definitely exclude the company from the bankable list. On the contrary, ending child labour is key to sustainable development. says ILO Assistant Director-General and Regiona, Developing sustainable agriculture in Africa, Africa Digital Banking Transformation Report, Raising capital in a tough global environment, Mobile commerce in Africa: Growth, opportunities and challenges, Human Rights Volunteer Roles to Return for FIFA World Cup Qatar 2022, We can end child labour in Africa. Ltd. All rights reserved. Each solar companys manufacturing technology strength factor is being interpreted quarterly and written as. .switcher .selected a:hover {background:#fff}
Bankability strength (B) score methodology, The Terms & Definitions of PV Module Supplier Bankability (by Scores, Categories & Rating Grades), Criteria for Solar PV Bankability Rankings, PV ModuleTech Bankability Ratings Pyramid, PV ModuleTech Bankability Rankings: Why Only a Few PV Module Suppliers Passed the Bankability Ranking? The Editorial Team at SolarFeeds is made up of knowledgeable solar industry insiders and experts who have a passion to share valuable, helpful and educational information. Its cell production capacity is expected to reach 50GW+ and its module capacity 65GW+ this year to meet global demand. Here are the quarterly reports from 2019 up to the latest 2022. Each of the three grades label (premium, second-tier, and speculative) has its own rating grades which are represented by letters. .switcher .option a.selected {background:#fff;}
Trina continues to innovate in this area, being an early mover in n-type technology and setting its 23rd world record in March, with its 210210mm TOPCon cell achieving a maximum efficiency of 25.5%. Moreover, some solar module manufacturers, particularly those currently publicly-traded on US stock exchanges, are being strictly inspected the most, but largely based on an investor standpoint. The said bankability report is beneficial for all global PV site investors, developers, EPCs and property-owners, where module supplier selection is critical to maximizing site performance, reliability and long-term returns. On the other hand, the manufacturing capacity factor (C) ranks solar PV manufacturers by assessing their in-house solar cell and module effective quarterly capacities on different global PV manufacturing zones. Manufacturing factors are composed of supply, capacity and technology. In May Trina Solar was ranked as a Top Performer among global PV module manufacturers for the eighth year in a row by PV Evolution Labs (PVEL), a world-renowned third-party reliability testing laboratory. A new report from the UK's Department of International Trade outlines the enormous potential of Africas digital economy. LONGis guidance for its 2020 module shipments is above 20GW. Typically, this involves the companys brand positioning rather than being matched by investments into CAPEX and R&D. Trina Solar ranked second for global module shipments in 2021, with a figure of 24.8GW, and has retained that position in the first quarter of 2022, shipping 8GW. The manufacturing health score/ranking is expressed as: where a, b, and c are factor-dependent weightings, scaled to generate manufacturing health scores for each company by quarter (i) in a 0-10 band; S, C and T are the module supplier shipment, capacity and technology ratios introduced above; p, q and r represent power factors derived from regression analysis.