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%. Industry reports indicate that global shipments of 210 modules rose sharply in 2021 to reach 26GW, Trina contributing 16GW, with cumulative 210 shipments exceeding 35GW as of the end of March 2022. 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. .switcher .option::-webkit-scrollbar {width:5px;}
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). The manufacturing supply factor (S) determines the market share of manufacturers by branded module shipment volume. As a solar PV consumer, contractor and investor, you should consider a few factors in choosing the right solar panel supplier. Founded in 1997, Trina Solar is the world leading PV and smart energy total solution provider. Bankability: 100% and AAA rating validating global trust. By default, the bankability score (B) is derived from the final output of the two terms, as opposed to any weighted summation. 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. Notify me of follow-up comments by email. Trina Solar 210 Vertex modules demonstrate significant advantages in BOS costs and LCOE. The two main requirements must be met simultaneously. .switcher a:hover img {opacity:1;}
Current she manages, collates, and curates the best stories from the leading tech companies. 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. When typing in this field, a list of search results will appear and be automatically updated as you type. Seven companies have A Grades (AAA, AA, A), while three falls into B Grade (BBB, BB and B). 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. For this small companies grouping, their financial health coverages by certain financial analysts often have the highest standard. .switcher a img {vertical-align:middle;display:inline;border:0;padding:0;margin:0;opacity:0.8;}
Based on the latest release of the PV-Tech ModuleTech quarterly report (2022) only six solar PV manufacturers made it to the top. Learn how your comment data is processed. Vertex modules are fully compatible with the trackers of 14 global leading manufacturers and 238 inverter products of 22 mainstream inverter manufacturers. SH): Based on the quarterly report of PV-Tech PV ModuleTech bankability, the leading bankable solar module brands in Q4 of 2019 are First Solar, Jinko, LONGi and Canadian Solar with AA-rated grades. Required fields are marked *. You can check it here. .switcher {font-family:Arial;font-size:12pt;text-align:left;cursor:pointer;overflow:hidden;width:173px;line-height:17px;}
In the first quarter, JA Solar obtained A-rating grades but managed to hit the AA-rating in the preceding quarters in 2020 while Trina Solar made it to the AA-rating grades as well in Q3 and Q4. 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. Aside from that, the PV suppliers must have demonstrated good financial stability and health status over a long period in the industry. The claim of being in any third-party agency list, such as Tier 1, etc. The manufacturing strength (M) score is the combination of the three manufacturing variables (S, C and T). 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. Lighting Up The Ideal Home | Episode 2: What Are The Specific Applications For Distributed PV Power Generation? Tender & Policy Buzz India: RUMSL Invites Bids for 300 MW Floating Solar Project in MP; NLC Tenders for 500 MW ISTS Solar Project Arctech Joins Energyear Latam 2022, Announcing its Participating Intersolar SA in August, Shri Narendra Modi to Dedicate NTPCs Renewable Projects to the Nation, Filatex India Ltd Signs PPA to Procure Renewable Energy, India Must Become Hub For Manufacturing Photovoltaic Modules: Union Minister Khuba, TotalEnergies To Build First Solar Rooftop For Miza Corporation in Vietnam, ONGC and Partners To Splash USD 6.2 Billion on Green Energy Projects, HPX Launches Day Ahead Market, Green Day Ahead Market and Real Time Market, South Africa to Double the Amount of Renewables in the Sixth REIPPPP Round, NLC India Tenders for 500 MW ISTS Connected Solar Project on PAN India Basis, Jinkos Client Leadership Meet & Awards-Africa, PV Mounting Tech : Structure & Tracker Technology Forum Middle East, Women in Power The faces behind Africas Solar Industry, Philippines Solar Week 2022: Conference & Awards, Raising Finance For Solar Projects In Middle East, Week In MiddleEast: 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 and More, Tender & Policy Buzz India: RUMSL Invites Bids for 300 MW Floating Solar Project in MP; NLC Tenders for 500 MW ISTS Solar Project on PAN India Basis and More. Trina Solar has earned the trust and recognition of customers worldwide with its highly reliable products, and its bankability remains at the top level. Your email address will not be published. Manufacturing factors are composed of supply, capacity and technology. 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. 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. .switcher .option a {color:#000;padding:3px 5px;}
Solar module manufacturers are putting extra effort in forming a perception with customers of their technical differentiation and leadership. The rating grades are subject to fall under three pre-assigned grade categories known as premium, second-tier, and speculative. A report by PV Infolink in April said that the production capacity of 210mm cells will reach 295GW this year and of modules 312GW. During the event, held from June 14 to 15, Trina Solar told of its excellent bankability performance. Then the same equation will be used to test different PV module suppliers, going back as far as ten years ago if needed. Each solar companys manufacturing technology strength factor is being interpreted quarterly and written as. 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. .switcher a {text-decoration:none;display:block;font-size:12pt;-webkit-box-sizing:content-box;-moz-box-sizing:content-box;box-sizing:content-box;}
Its cell production capacity is expected to reach 50GW+ and its module capacity 65GW+ this year to meet global demand. .switcher .option a:hover {background:#fff;}
Brand awareness across decision-making parties overseeing the selection of large-scale utility solar sites builds in excess of 50 MW. 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. Sometimes, the shipments are referred to merchant shipment volumes, particularly, removing any OEM supply or subcontract production line leasing on the list. Thus, the financial strength score also matters a lot when it comes to the bankability status of each solar PV company. Helena Li, President of Trina's Cell and Module business, commented: "Trina Solar has been a leading global PV module supplier for many years. This Press Release has been issued by APO. 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. PV ModuleTech Bankability Ratings Quarterly/Q222 Release, Recognized as a Top Performer by PVEL for the eighth consecutive year. The highest performers in the sector are referred to as triple-A-rated or AAA-rated while the C-rated is the least performer on the bankability list. You have to put immense time and money into installing one. In simpler terms, for PV module suppliers to be bankable, first, they must have manufacturing strength that may be driven by accurate and strong utility-scale shipments track-records, high capacity strength to sustain future shipment levels at the GW-level, and stable investing into their CAPEX and R&D. The analysis report is segmented across operating metrics such as liquidity, leverage, debt, profitability, valuation, revenue generation, sales portion from module business, and more. Sadhana brings with her over 10+ years of rich industry experience. Whereas, the other solar manufacturer candidates, namely Astronergy, Seraphim, Talesun and DMEGC fell under the second tier with B-rated grades. 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. Installing a solar PV system at home or in your commercial business is indeed a long-term investment. .switcher .option::-webkit-scrollbar-track{-webkit-box-shadow:inset 0 0 3px rgba(0,0,0,0.3);border-radius:5px;background-color:#f5f5f5;}
2019 Distributed Photovoltaics and Energy Storage Innovation Development Summit Successfully Concludes. Technology analysis by module supplier outlines in-house effective capacities by region/technology, global module supply by end-region, in-house technology roadmap across high-efficiency module types, CAPEX by value-chain segment, R&D spending, and more. 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. .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;}
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. The other factor that you should look into aside from the equipment quality is the bankability of each solar manufacturer. Please correct the marked field(s) below. (from 2019-2022). The formula used is stated below where (B) stands for bankability, (M) for manufacturing and (F) for financial scores: Whereas k symbolizes the scaling factor that points the bankability scores to a 0-10 band, m and n are power coefficients derived from regression analysis, and i is a variable that is module-supplier and time-period specific. Should you wish to request a demo? Production capacity reaching 65GW in 2022. Each of the three grades label (premium, second-tier, and speculative) has its own rating grades which are represented by letters. Save my name, email, and website in this browser for the next time I comment. Many solar manufacturers are offering high-quality and built to last solar panels with a full warranty extending up to 25 years. The rest of the candidates fell under the second tier and speculative category. CHANGZHOU, China, June 5, 2022 /PRNewswire/ -- Trina Solar, the leading global PV and smart energy total solution provider, has been ranked 'AAA', the highest category, in the latest PV ModuleTech Bankability report published by PV-Tech. The given criteria below were crucial as part of the initial validation test. Whereas the yearly ranking report tackles crucial manufacturing and financial metrics for top solar PV module suppliers. 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. Note that, even if the PV supplier is recognized as a shipment leader, but has poor financial status, it will never be considered as a candidate for the top bankable solar brands in the industry. 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. Distributed by APO Group on behalf of Trina Solar. 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. The PV ModuleTech Organization conducts solar PV manufacturer bankability reports by quarter and yearly to provide the list of leading bankable module brands worldwide. It also factors the manufacturing zones at any given time to global module supply end-markets. 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 bankability status is based on a combination of Manufacturing Strength scores and Financial Strength scores. 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 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. Technology indicators are also analyzed in the PV Tech report. 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. 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? How PV-Tech Research Ranks PV Module Manufacturers by Bankability? Among the companies on the Tier 1 list, only seven took part in both tests, Trina Solar being one of them. 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. 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. Let quotes come to you! For the next few weeks, the PV-Tech research team will release the next quarterly report of PV ModuleTech Bankability Ratings 2022. Now that were done with manufacturing factors, we will proceed to the other factor contributing to the bankability score of solar PV suppliers. .switcher .option a.selected {background:#fff;}
The entire Vertex series, including 600W+ ultra-high-power modules, have passed PVELs Product Qualification Program test sequences, and for the eighth year in a row Trina Solar was named top performer. Through vertical integration from wafer to cell to module production (all mono), LONGi has achieved recognition as the largest global PV module supplier today. ", Cision Distribution 888-776-0942 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. 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. Even before, shipment volume has been used to rank solar PV makers, albeit in a very simplified and generic version. Lojayne Mohsen 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. Trina Solar and many industry professionals discussed Vertex product technology and value through an in-depth analysis of the outstanding product value and bankability rating of Vertex 600W+ modules, agreeing that 600W+ modules have become the first choice for global customers. Fekra Communications Generally, the overall bankability result is calculated by solar manufacturers manufacturing scores and financial health scores. 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. Solar PV manufacturers under the AAA label are most likely to be setting benchmarks for all other manufacturers, across a wide array of operational metrics. Here are the quarterly reports from 2019 up to the latest 2022. 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. Each of these variables is being monitored, interpreted and updated quarterly to finalize the new set of top bankable solar brands. With the AAA rating, the highest category, in the PV Module Tech Bankability report published last week, Trina Solar has become the only module supplier achieving both AAA rating by PV Tech and tier 1 PV module maker by BNEF. Trina Solar will continue to progress and create higher customer value globally. PV-Tech conducted a study and eight leading PV module manufacturers were chosen as candidates. In short, 600W+ modules have become the mainstream trend in the PV industry. Annual and quarterly ratios of the financial analysis, metrics and overall benchmarked module supplier strengths. Aiming at becoming the best place to learn solar, the publication partners with industry thought leaders, journalists and influencers. To fully understand the bankability scores for the listed PV module manufacturers, it is crucial to have enough knowledge about the terms and conditions of bankability as well as how it was interpreted and presented. .switcher .selected a {border:1px solid #ccc;color:#666;padding:3px 5px;width:161px;}
The new capacity is essentially the result of 210mm downward compatibility, indicating that use of the 210mm has become an industry trend. 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 latest results of the field test in a project in Cologne show that the energy yield of Vertex 600W+ modules is at least 2% higher than that of reference modules. Bright Future Ahead for Energy Storage. Speaking at the Ministerial high-level policy dialogue at the EC. The bankability score ranges from 0 being the lowest to 10 being the highest. In addition,system compatibility is a key factor in assessing bankability. 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. After careful evaluation, all data are converted into quarterly Bankability Ratings, which are ranked from AAA-Rated (highest) to C-Rated (lowest, highest-risk). On June 22 it was named an Overall High Achiever by RETC, Renewable Energy Test Center for the third year in a row. The Honorary Consulate General of Montenegro in India Goes Solar with HomeScape by Amplus Solar, Click to share on LinkedIn (Opens in new window), Click to share on WhatsApp (Opens in new window), Click to share on Telegram (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Click to share on Skype (Opens in new window), Click to share on Pinterest (Opens in new window), Click to email a link to a friend (Opens in new window). If you want to publish your articles on SolarFeeds Magazine, click here. (or simply ratings). We will discuss here the role of the three factors and their relationship to one another. 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. 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. The issuer is solely responsible for the content of this announcement. In manufacturing capacity factor, the module quality, performance and reliability of each supplier are being tracked back to its cell manufacturing origin. Heres how (By Cynthia Samuel-Olonjuwon). FirstView Media Ventures Pvt. 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 premium band still includes LONGi Solar with AAA-rating grades, Trina Solar, JA Solar, First Solar, Jinko Solar with AA-rating grades and Canadian Solar with A-rating. All of the eight suppliers almost met four out of five criteria given below, whereas some met all the five conditions: Every quarter of the year PV-Tech PV ModuleTech reveals the list of new top bankable solar module brands. .switcher .selected a:hover {background:#fff}
Lastly, if the solar company is going to be technically bankrupt, it will never be included in the list. 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. 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.