LONGi Solar, a subsidiary of LONGi Green Energy Technology Co., Ltd, has achieved AA-Rating status, in the first quarterly release of PV-Tech’s new PV ModuleTech Bankability Ratings. LONGi Solar is one of only four PV module suppliers that qualifies within the top-performing rating category of AA across the sector.
The PV ModuleTech Bankability Ratings system is the solar industry’s first qualified tool that allows investors to understand and benchmark PV module suppliers; the analysis tracks a wide range of manufacturing and financial performance metrics, combining these to generate an overall bankability score between 0 and 10. Companies are then graded across nine risk categories from AAA-Rated (most bankable) to C-Rated (high risk).
“LONGi has always insisted on technological innovation and continuously increased R&D investment in the past years” said by Zhong Baoshen, Chairman of LONGi: “We always pay attention to the sustainable development of LONGi and maintain the financial stability and healthy. In the future, LONGi will continue to devote itself to providing customers with more reliable products and services.”
According to head of research at PV-Tech, Dr. Finlay Colville: “LONGi Solar has moved rapidly from being a CCC-Rated supplier in 2014 to one of the most bankable module suppliers featuring in the top-performing AA-rated category today. The company is on a trajectory to reach AAA-Rated status within the next 12 months, reflecting strong financial and manufacturing operations.”