LONGi Solar is named the 1st class manufacturer according to the Bloomberg report.

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Xi’AN, China, November 30, 2018 / PRNewswire / – According to the criteria of the Bloomberg NEF, module manufacturers of class 1 (Tier 1) must have experience in supplying their own brand products for their six different projects capacity of over 1.5 MW, funded by six different banks and implemented over the past 2 years. In addition, an even stricter requirement applies to enterprises from China, India and Turkey: all projects must be without recourse. This means that the bank assumes all the risks associated with the failure of the modules. LONGi has satisfied all of the above requirements, taking fifth place in the rating in terms of its own production capacity.

We are very pleased to enter the category of 1st class suppliers rated by BNEF, although this success did not come as a surprise to us ,” said LONGi Solar President Li Wenxue. “ The ability to not only satisfy but also exceed investment requirements the attractiveness of its products is a prerequisite for any serious manufacturer, especially if, like LONGi, it seeks to expand its global presence. “

The report also contains updated data on the Altman Z-model , a percentage indicator reflecting the financial stability of the photovoltaic industry. This test predicts the likelihood of bankruptcy in the next two years. According to the evaluation, LONGi became the most stable company in Asia and ranked second

Sourced from TASS.ru and machine translated for your benefit

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