LONGi Solar proves bankability of PERC modules

18.06.2018

Frankfurt am Main – Bloomberg has once again rated LONGi Solar, one of the leading manufacturers of monocrystalline high-performance modules, as a Tier 1 company. With an annual production capacity of 6,500 megawatts (MW), LONGi Solar ranks sixth among the largest Tier 1 manufacturers and is also listed as "Top Performer" in the PV Module Reliability Scorecard Report 2018 of DNV GL, the world's largest independent certification body in the energy sector. 

"We are very pleased to be rated again as a Tier 1 manufacturer," says Mr Li Wenxue, president of LONGi Solar. "It proves that our focus on top quality and performance is also appreciated by project planners and banks." LONGi Solar is the only manufacturer worldwide that specializes completely in monocrystalline high-performance modules, in particular PERC technology.

Confidence in financial stability

Bloomberg New Energy Finance's (BNEF) rating system for PV module manufacturers is based on bankability to enable a quality rating for solar modules. Only manufacturers who have supplied six different projects with their own solar modules financed by six different banks in the last two years are included in the Tier 1 group.

Manufacturers in China, India and Turkey are subject to stricter criteria: The project must be non-recourse, i.e. the banks are responsible for the risk of failure of PV modules in the projects examined.

Certified product quality

In its fourth annual PV Module Reliability Scorecard Report 2018, the certification company DNV GL also awarded the monocrystalline PERC modules from LONGi Solar as "Top Performer". The aim of this evaluation is to make well-founded statements about the long-term reliability of solar modules.

The DNV GL awards are based on a laboratory test for the reliability of PV modules, which includes the following criteria: Performance in thermal cycles, humid heat, dynamic-mechanical load and potentially induced degradation.

Thanks to the high efficiency, high reliability and high yield of monocrystalline modules from LONGi Solar, the manufacturer was able to convince in all four categories.

High investments in R&D

LONGi Solar wants to further increase the output of solar modules in order to reduce the LCOE. In the medium term, the company aims to sell mono modules at prices that are currently only common for polycrystalline modules. In 2017, the company therefore invested RMB 1.108 billion in research and development, or 6.8 percent of its sales. No other module manufacturer invests more in technology development. LONGi Solar is also focusing on high volumes - more than 12 GW module production capacity is to be achieved by the end of 2018.

LONGi Solar at the Intersolar Europe

At the Intersolar Europe trade fair in Munich from 20 to 22 June 2018 LONGi Solar will present its module technology, including half cut cells combined with PERC technology in bifacial modules and the mono PERC modules with overlapping cells of the next generation, which achieve 400 Watt peak (Wp) per 72 cell module.

Source: LONGi Solar

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