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Ulica Solar entered the Tier 1 Solar PV Manufacturer List of Q1 2020 on Bloomberg New Energy Finance

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 bankabilityof 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.


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