BOVIET SOLAR STRENGTHENS BANKABILITY RATING IN PV MODULETECH Q4 2024 REPORT

San Jose, California, USA, January 17, 2025 — Boviet Solar Technology Co. Ltd. (“Boviet Solar”), a leading solar energy technology company specializing in the manufacturing of monocrystalline PV cells and high-performance Gamma Series™ Monofacial and Vega Series™ Bifacial PV modules, has achieved a “B” rating in the PV ModuleTech Bankability Ratings report for Q4 2024. This improved rating underscores Boviet Solar’s growing manufacturing strength, technological advancements, and financial stability.

The PV ModuleTech Bankability Ratings report, published by PV-Tech.org, serves as an industry benchmark for evaluating the bankability of global PV module suppliers catering to commercial, industrial, and utility-scale solar projects. The quarterly report ranks suppliers based on critical metrics, including technological capabilities, shipment volumes, manufacturing capacity, and financial performance. Ratings range from AAA (highest, lowest risk) to C (lowest, highest risk), providing key stakeholders with a reliable tool for supplier assessment.

“Our enhanced bankability rating is a testament to our team’s dedication and the continuous strides we’ve made in innovation and operational excellence,” said Sienna Cen, President of Boviet Solar USA. “We have strengthened our R&D efforts in PERC and N-Type cell technologies, delivering top-performing monofacial and bifacial PV modules. Our annual PV cell and module manufacturing capacity now stands at 3.0 GW, with a total of 7.6 GW of shipments since our inception mainly to USA market.”

The PV ModuleTech Bankability Ratings report is widely utilized by investors, developers, EPCs, and asset owners to select module suppliers that ensure superior site performance, reliability, and long-term investment returns.

“Bankability is just as crucial as module performance and cost-effectiveness,” said Scott Chen, VP of Global Sales and Marketing at Boviet Solar. “Our improved rating in PV Module Tech’s report further solidifies our value to IPPs, EPCs, project developers, and solar installers who rely on dependable, high-quality solar solutions to drive global solar adoption.”

Boviet Solar remains committed to financial and operational stability, cutting-edge solar technology, world-class manufacturing, and supply chain transparency. The company continues to be recognized as a Tier 1 solar module manufacturer by BloombergNEF, one of the Top 10 most reliable PV module manufacturers by Wood Mackenzie and Sinovoltaics, and a Top Performer in Kiwa PVEL’s PV Module Reliability Scorecard. Boviet Solar’s manufacturing facilities have also been successfully assessed by Black & Veatch, further demonstrating its commitment to excellence and bankability.

ABOUT BOVIET SOLAR

Boviet Solar is a leading solar technology company founded in 2013 in Vietnam, specializing in the manufacturing of high-performance Monocrystalline PV cells and high-quality Gamma Series™ Monofacial and Vega Series™ Bifacial PV modules for residential, commercial, industrial, community and utility-scale solar applications. Boviet Solar combines business acumen, financial stability, technological expertise, and manufacturing excellence to produce top-performing PV modules, while fostering mutual partnerships, ensuring sustainability, supply chain traceability, and compliance with international trade standards.

Boviet Solar has earned a reputation for excellence, holding a Bloomberg New Energy Finance (BNEF) Tier 1 ranking, being recognized as one of the top 10 most reliable PV module manufacturers by Wood Mackenzie and Sinovoltaics, and consistently rated as a Top Performer in Kiwa PVEL’s PV Module Reliability Scorecard, with successful manufacturing assessments conducted by Black & Veatch. Boviet Solar’s global headquarters is in Vietnam, with manufacturing facilities in both the USA and Vietnam, featuring an annual PV cell and PV module capacity of 3.0 GW, along with additional operations in the USA, Germany, and other regional markets. For more information about our company and products, please visit www.bovietsolar.com

MEDIA INQUIRES:
Songül Atacan
Director of Global Marketing
Boviet Solar
songul.atacan@bovietsolar.com