Bloomberg BNEF ranks LONGI Solar as World No.2 by Financial Health

Energy Press Releases Tuesday November 14, 2017 09:30
BEIJING--14 Nov--PRNewswire/InfoQuest

Bloomberg New Energy Finance is a leading provider of global PV business dynamics and financial information. Its PV Module Maker Tiering System is an important basis for global PV industry insiders to make decisions. Two of the most important evaluation criteria are "bankability" and "financial health".

According to the latest 2017Q2 rating report, LONGi Solar, which only entered the module market two years ago, is put on the list of "global top 10 PV module brands used in most debt-financed projects"; and its financial health ranks No.2 in the world and No.1 in China among all PV module makers.

  • LONGi Solar Ranks among Global Top 10 PV Module Brands by Bankability
"Bankability" refers to whether projects using the solar products are likely to be offered non-recourse debt financing by banks.

Based on completed projects tracked down by its database, including 5,300 PV projects in the past two years, Bloomberg New Energy Finance made a debt financing brand tiering of global "tier 1" module makers, and LONGi Solar entered TOP10 (by projects after June 2015) with flying colors.

  • Financial Health - No.2 in the World, No.1 in China

Altman-Z score is a ratio indicator that reflects the manufacturer's financial health, which effectively reflects the likelihood of a company's bankruptcy within two years. Score Z> 2.6 indicates that the enterprise is in a safe area, 1.1<Z<2.6 indicates a gray area and Z<1.1 indicates a dangerous area.

The results of the Bloomberg report show that in 2017Q2 only three module companies are in the "safe area", and LONGi Solar is the only Chinese module manufacturer, demonstrating excellent financial health.
Photo - https://photos.prnasia.com/prnh/20171113/1984207-1
Caption - Bloomberg BNEF ranks LONGI Solar as World No.2 by Financial Health

Latest Press Release

PTTEP divests its stake in Montara field in alignment with strategic plan

As part of portfolio rationalization, PTTEP announces the divestment of a 100% stake in the Montara field to align with the company's business strategy aimed to focus on the operations and projects in the strategic locations. Somporn Vongvuthipornchai,...

GCL System Integration Raises Guidance for 1H 2018 To RMB 20.41 million RMB 30.02 million

GCL System Integration (SZ: 002506) (GCL-SI), the world's leading provider of one-stop, cutting-edge, integrated energy systems, has revised its forecast for net profit attributable to shareholders in the first half of 2018 to between RMB 20.41 million...

Sterlite Power Wins 6 New Transmission Projects in Brazil

- The company emerges as the first Indian company to invest close to USD 2 bn in Brazilian power transmission sector - Projects entails 23 sub stations; 2,000 CKM of lines and 5,500 MVA of transformation capacity In the recently concluded auction for...

PTT Strives for an Advancement in Digital Workplace, Promoting Thailand 4.0 Policy

Today (12 July 2018) – Mr. Chansin Treenuchagron, Chief Technology and Engineering Officer, PTT Public Company Limited, presided over the launch of Power of Digital Transformation Scheme at PTT Head Office. Mr. Chansin had declared that in this...

Li Zhenguo: PV will be the cheapest power source in most parts of the world

On July 9, at the 9th Sino-German Economic and Technical Cooperation Forum held in Berlin, Germany, Li Zhenguo, President of LONGi Green Energy Technology Co., Ltd. (LONGi), a leading Chinese PV industry company, made a keynote speech for the Energy...

Related Topics