A ET Solar announced that jumped from 36th to 17th place No. “PV Module and Inverter Bankability 2022”, BNEF (BloombergNEF). According to the consultancy, the manufacturer reached score 61% in bankability survey, a 33% increase compared to 2021.
“In just one year, we achieved significant growth with excellent performance in the global photovoltaic market, which is undergoing rapid technological evolution, rapid expansion of production capacity and has been highly recognized by the capital market”, highlighted the company.
“A good reputation comes from long-term diligent and conscientious efforts. ET Solar has been continuously listed as “BNEF Tier 1 (since 2012)” and “PVEL Top performer (2021-2022)” and awarded as “EUPD USA Top Brand” in 2022”, they exemplified.
According to the company, the significant improvement in rating means that more banks will be willing to provide “non-recourse” loans for power generation projects using ET Solar photovoltaic modules in the future, making it easier for developers to obtain bank financing.
“As a vertically integrated manufacturer focusing on the global market, we insist on serving customers with high-quality products, achieving on-time delivery with stable supply and transforming difficulties into opportunities,” the company highlighted.
“We also develop high-value products in markets such as North America, Europe and India, and expand manufacturing capacity in Southeast Asia with vertical integration of the wafer, cell and panel industries, to build a green, low-carbon era with partners ”, they concluded.
What is bankability?
Bankability or bankability is a classification in which different financial agents can assess the scale of risk when investing money in companies and projects. Read more.
The analysis is carried out based on different parameters and shows the company's financial indicators that prove whether it is financially healthy, whether it can honor its commitments within a given period and whether it is a highly profitable company.
What is “non-recourse”?
The term "non-recourse” can mean “without resources”. It refers to a type of loan in which there is no requirement for the borrower to present guarantees, which can be represented by material goods, which are required by the creditor if the customer does not comply with their payment obligations.
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