Reliability

RELIABLE PARTNER

Boviet Solar has been at the forefront of the evolving solar energy industry for over a decade. Our commitment to excellence has been recognized by international bankability rating organizations. These achievements highlight our dedication to delivering high-quality, reliable, and sustainable solar products, reinforcing our position as a reliable, trusted, and long-term industry partner.

Bankability ratings are crucial as they reflect the reliability and performance of a company and its products, helping solar project stakeholders differentiate between numerous solar module manufacturers. Investors use these ratings to assess a company’s financial stability and market reputation, guiding their capital allocation decisions. Solar project developers rely on them to select suppliers, ensuring they choose high-performance, reliable PV modules to minimize risks and maximize profitability. EPC firms use these ratings to procure equipment that meets performance standards, aiding in timely project delivery. Solar asset owners evaluate ratings for long-term viability and operational reliability, optimizing financial returns and reducing maintenance costs. Overall, bankability ratings support informed decision-making, risk mitigation, and the sustainable growth of solar projects worldwide. Below are some of our industry bankability recognitions.

BNEF I TIER 1

Boviet Solar has been ranked Tier 1 PV module manufacturer by Bloomberg New Energy Finance.

BloombergNEF (BNEF) employs a tiering system for PV modules to differentiate among the numerous module manufacturers based on their bankability. This system assesses whether projects using the modules are likely to receive non-recourse debt financing from banks. To qualify for the top tier, a manufacturer must own and operate their own production facilities and sell modules under their own brand. Additionally, their modules must have been used in at least six different solar projects, each financed non-recourse by six distinct banks, completed within the past two years, and with a capacity of 5 MW or greater. Furthermore, all project details, including location, capacity, developer, bank, and module maker, must be publicly accessible. By applying these rigorous criteria, BNEF effectively differentiates among dozens of module manufacturers, providing a clear and transparent ranking system. Note that BNEF does not publish tier 2 or tier 3 lists, focusing solely on identifying the top-tier manufacturers.

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WOOD MACKENZIE I TOP 10

Boviet Solar has been ranked among the Top 10 PV Module manufacturer by Wood Mackenzie.

Wood Mackenzie evaluates over 30 solar module manufacturers using a comprehensive ranking methodology. This approach examines various factors, including manufacturing experience, capacity and growth rate, vertical integration, technology maturity, research and development investment, financial health, adherence to ESG (Environmental, Social, and Governance) and CSR (Corporate Social Responsibility) practices, and the availability of third-party independent certifications. This thorough assessment provides insights into each manufacturer's capabilities and long-term reliability.

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SINOVOLTAICS I TOP 10

Boviet Solar has been ranked among the Top 10 PV Module manufacturer by Sinovoltaics.

Sinovoltaics evaluates over 65 solar module manufacturers using a financial viability ranking methodology. This evaluation relies on key financial metrics, including working capital, total assets, retained earnings, earnings before interest and tax (EBIT), market value of equity, total liabilities, and sales, providing insights into each manufacturer's financial health and their ability to sustain operations and fulfill commitments.

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PVEL KIWA I TOP PERFORMER

Boviet Solar’s PV modules have achieved top performance in the PVEL Kiwa PV Module Reliability Scorecard.

PVEL Kiwa's PV Module Reliability Scorecard evaluates over 50 PV module manufacturers' products based on reliability and performance. This rigorous evaluation includes simulations of long-term field conditions and stress tests to the modules' limits, providing a comprehensive assessment of their performance and resilience. This ensures that the solar modules can withstand real-world conditions and maintain reliability over time.

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BLACK AND VEACTH I SUCCESSFUL

Boviet Solar successfully completed independent Black & Veatch’s PV production facilities assessment.

Black & Veatch's evaluation is based on manufacturing processes, quality control, compliance with industry standards and certifications, adherence to environmental and safety regulations, supply chain management, technological innovation, and financial performance. This thorough review ensures that production facilities uphold high standards of excellence and reliability in solar module production.

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BANKABILITY MATTERS

Bankability provides assurance of the financial, technical, and operational success of solar projects, making them more attractive to investors, project developers, EPCs, and stakeholders. Bankable solar module manufacturers excel in several key areas:

Financial Stability: Financially stable, reducing the risk of going out of business and ensuring the ability to fulfill warranty claims and provide ongoing support.
Investment Confidence: Reassures investors with proven track records and strong financial health, increasing the likelihood of securing financing.
Project Viability: Delivers high-quality, reliable products that meet performance expectations, essential for the success and profitability of solar projects.
Long-Term Performance: Invests in R&D to produce advanced, efficient, and durable solar modules, ensuring consistent performance and long-term value.
Risk Mitigation: Minimizes risks related to product failure, warranty claims, and supply chain disruptions, ensuring adherence to project timelines and budgets.
Industry Credibility: Strong bankability ratings enhance industry reputation, making projects using these products more attractive to stakeholders.
Compliance and Standards: Adheres to international quality, environmental, and safety standards, ensuring regulatory compliance and contributing to project sustainability.
Warranty and Support: Provides robust warranties and after-sales support, crucial for addressing operational issues and maintaining performance and reliability.

RELIABLE PARTNER

BNEF I TIER 1

WOOD MACKENZIE I TOP 10

SINOVOLTAICS I TOP 10

PVEL KIWA I TOP PERFORMER

BLACK AND VEACTH I SUCCESSFUL

BANKABILITY MATTERS

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