LONGi Solar Proves Bankability Of PERC Modules
Bloomberg has again rated LONGi Solar, as a Tier 1
company. With an annual production capacity of 6,500 megawatts (MW), LONGi
Solar ranks sixth among the largest Tier 1 manufacturers and is also listed as
"Top Performer" in the PV Module Reliability Scorecard Report 2018 of
DNV GL, the world's largest independent certification body in the energy
"We are very pleased to be
rated again as a Tier 1 manufacturer," says Mr Li Wenxue, president of
LONGi Solar. "It proves that our focus on top quality and performance is
also appreciated by project planners and banks." LONGi Solar is the only
manufacturer worldwide that specializes completely in monocrystalline
high-performance modules, in particular PERC technology.
Confidence in financial
Bloomberg New Energy Finance's
(BNEF) rating system for PV module manufacturers is based on bankability to
enable a quality rating for solar modules. Only manufacturers who have supplied
six different projects with their own solar modules financed by six different
banks in the last two years are included in the Tier 1 group.
Manufacturers in China, India
and Turkey are subject to stricter criteria: The project must be non-recourse,
i.e. the banks are responsible for the risk of failure of PV modules in the
In its fourth annual PV Module
Reliability Scorecard Report 2018, the certification company DNV GL also
awarded the monocrystalline PERC modules from LONGi Solar as "Top Performer".
The aim of this evaluation is to make well-founded statements about the
long-term reliability of solar modules.
The DNV GL awards are based on
a laboratory test for the reliability of PV modules, which includes the
following criteria: Performance in thermal cycles, humid heat,
dynamic-mechanical load and potentially induced degradation.
Thanks to the high efficiency,
high reliability and high yield of monocrystalline modules from LONGi Solar,
the manufacturer was able to convince in all four categories.
High investments in
LONGi Solar wants to further
increase the output of solar modules in order to reduce the LCOE. In the medium
term, the company aims to sell mono modules at prices that are currently only
common for polycrystalline modules. In 2017, the company therefore invested RMB
1.108 billion in research and development, or 6.8 percent of its sales. No
other module manufacturer invests more in technology development. LONGi Solar
is also focusing on high volumes - more than 12 GW module production capacity
is to be achieved by the end of 2018.
LONGi Solar at the
At the Intersolar Europe trade
fair in Munich from 20 to 22 June 2018 LONGi Solar will present its module
technology, including half cut cells combined with PERC technology in bifacial
modules and the mono PERC modules with overlapping cells of the next
generation, which achieve 400 Watt peak (Wp) per 72 cell module.