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

ROSATOM SHARED ITS DEVELOPMENTS IN NUCLEAR FUEL CYCLE AT WNFC 2018 IN MADRID

Madrid. — On April 17-19, the World Nuclear Fuel Cycle 2018 (WNFC) international conference organized by the Nuclear Energy Institute (NEI) and the World Nuclear Association (WNA) takes place in Madrid. State Atomic Energy Corporation ROSATOM is...

Photo Release: Myanmar Minister of Electricity and Energy visits PTTEP Headquarters

His Excellency U Win Khaing, Union Minister for Ministry of Electricity and Energy, Republic of the Union of Myanmar, and his delegation recently paid a courtesy visit to PTT Exploration and Production Public Company Limited (PTTEP) Headquarters located...

Narada Won the China Energy Storage Industry Grand Slam in 2017

On April 3, 2018, CNESA (China Energy Storage Alliance) released the "Energy Storage Industry Research White Paper 2018", the installed capacity and energy scale of the projects Narada built ranks in the Top 3 worldwide for the 2017 electrochemical...

GCL-Poly Establishes 20GW Joint Venture Using CCZ Technology

GCL-Poly Energy Holdings Limited (HK: 3800), a subsidiary of the world's leading clean energy conglomerate GCL, has entered into a joint venture agreement ("the Agreement") with the Qujing Municipal Government in Yunnan Province, China to invest 9...

LONGi sets solar industry record for RD spending, according to PV Tech

Recently, PV Tech released an article about leading integrated high-efficiency monocrystalline module manufacturer and 'Silicon Module Super League' (SMSL) member [ https://www.pv-tech.org/editors-blog/top-10-module-suppliers-in-2017 ] LONGi Green Energy...

Related Topics