BNEF puts Ginlong among top three Asian inverter brands

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
In March, Ginlong executives ring the opening bell at the Shenzhen Stock Exchange. Source: Ginlong.

Chinese string inverter manufacturer Ginlong Solis ranked third among Asian inverter brands in BloombergNEF’s latest industry scorecard.

For the first time, the renewable research hub’s annual ‘solar module and inverter bankability’ report asked banks, funds, developers, and technical due diligence firms to rank inverter brands as well as module manufacturers.

Seventeen inverter firms were compared on their bankability – in other words, their ability to be deployed on projects with non-recourse debt.

Ginglong's Solis inverter brand came third among Asian manufacturers out of a total pool of 17 inverter manufacturers. It came 11th overall.

Ginlong noted in a statement that many Chinese inverter brands featured in the report were only endorsed by Chinese respondents, whereas European brands were more universally supported, with the exception of some Chinese respondents.

Local support for inverter brands is “an important bankability criterion” according to Ginlong. Inverters are “not a commodity” like modules; they need to be tailored to a project’s particular needs on account of having a broad range of functions, including converting current, interfacing with the grid and aggregating power output data. They are also likely to need replacements of parts and maintenance throughout their lifetime. Most inverter warranties range between five and ten years.

In July, Ginlong reported weaker profits for the first half of 2019 than the year prior, mirroring a broader downturn in the Chinese inverter market. The government has only just launched a new PV subsidy mechanism after abruptly nixing the pre-existing one in May 2018.

In March, Ginlong completed its listing on the Shenzhen Stock Exchange, raising more than RMB532 million (US$78.9 million). The company said the funds would enable it to expand and push the Solis brand in overseas markets.

Read Next

April 19, 2021
‘Solar Module Super League’ (SMSL) member JA Solar has confirmed its founder and chairman, Jin Baofang had returned to work at the company.
April 9, 2021
A draft proposal put forward by China’s National Development and Reform Commission could see subsidies for new solar projects phased out, starting this year.
April 6, 2021
SunPower is to allow Maxeon Solar to the Performance Series (P Series) p-type mono-Passivated Emitter Rear Cell (PERC) shingled PV modules into the US market as part of a major change to initial manufacturing agreements.
April 6, 2021
The International Renewable Energy Agency’s (IRENA) director-general has hailed the start of a “decade of renewables”, following a 2020 that saw China and the US drive global solar installations.
PV Tech Premium
March 30, 2021
In exclusive analysis for PV Tech Premium subscribers, Mark Osborne scrutinises JA Solar's plans to have 40GW of module assembly capacity by the end of this year, and how it reached that capacity.
March 29, 2021
Despite additional solar and wind contributing to a record reduction in global coal generation last year, new renewable energy projects are still not being built quickly enough to keep pace with rising electricity demand.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
April 20, 2021
Upcoming Webinars
April 28, 2021
4:00 - 4:30 PM CET
Solar Media Events
May 11, 2021