It demonstrates that banks are more likely to give non-recourse term loans to solar projects using Sungrow inverters, ensuring favourable and sustainable benefits for stakeholders.
BNEF has been releasing the Inverter Bankability Survey since 2019. During these four years, Sungrow ranked first every year and was ranked with the 100% score three times -- the only company to hit this record. In addition, Sungrow ranked highly with cumulative product installations in financed projects.
Reference for financial institutions
BloombergNEF surveys solar industry participants covering 28 banks, funds, solar engineering contractors, independent power producers, and technical advisers from a global landscape. The report, which considers the manufacturers' capacity in the field, financial health, local support and service, warranties, and technical features as major indicators, is an essential reference for financial institutions in granting commercial credit and developers in choosing the inverter brand.
Also interesting: Sungrow powers 120 MW BIPV project
“All participants considered Sungrow bankable this year,” the survey mentioned. “Sungrow continues to have a strong presence in the global inverter market for debt-financed projects.”
“We are at the top of the market in different realms. For instance, Sungrow is also the No.1 inverter supplier with 47 GW of PV inverter shipments in 2021 according to IHS Markit now a part of S&P. commented Jack Gu, Senior Vice President of Sungrow. (hcn)
Did you miss that? „We are not in a situation where we cannot deliver“
