Ulica solar, one of the leading solar panel manufacturers, solar projects investor and EPC provider in China, has successfully entered the ranking title of Bankable Tier 1 solar panel manufacturer list by Bloomberg New Energy Finance (BNEF) as published of Q1, 2020.
Tier 1 module manufacturers are those that have provided products to six different projects each above 1.5MW, which have received non-recourse financing by six different banks in the past two years. Nevertheless, Ulica Solar has met all the criteria to be on this list of Tier 1 and it is the only one new Chinese company listed on BNEF Q1 2020.
Bloomberg New Energy Finance (BNEF) tracks the “bankability” of solar panel manufacturers through their tier-1 panel lists. It started as a rating system to measure the credit worthiness of solar panel brands for the banking and other financial institutions. BNEF developed its tiering system for PV module makers to create a transparent differentiation between the hundreds of manufacturers of solar modules in the market. The classification is based on bankability, specifically whether projects using a particular brand of solar modules are likely to be offered non-recourse debt financing by non-development banks. It means the global PV investors or EPC companies can be rest assured to install with Ulica Solar modules and get the financing now from all the banks.