The rapid transition in the upstream manufacturing solar sector to significantly larger p-type and n-type monocrystalline wafers, cells and modules may be hailed as a new era for the industry in higher module performance and a leap in reducing PV power plants LCOE (Levelized Cost of Electricity) in a rapidly changing downstream market that becomes subsidy free, bidding orientated and targeting grid parity and beyond. But issues such as reliability lurk just below the surface.
The latest release of PV-Tech’s unique PV ModuleTech Bankability Rankings report confirms the exclusive status today afforded to just four PV module suppliers (JinkoSolar, LONGi Solar, Canadian Solar and First Solar), in being the only companies to have AA-Rating module bankability status within the industry today.
The third PV ModuleTech conference takes place in Penang, Malaysia on 22-23 October 2019. One of the key companies participating in the PV ModuleTech event this year is PV Evolution Labs (PVEL). PVEL provides extended reliability and performance tests to evaluate PV modules for the downstream market and produces the annual PV Module Reliability Scorecard.
PV ModuleTech 2019 takes place in Penang, Malaysia on 22-23 October 2019. During this event, I will be giving a 45 minute presentation on the new PV ModuleTech Bankability Ratings, focusing on benchmarking the 14 module suppliers that have rating grades of A or B, and explaining why the other several hundred module suppliers today globally are speculative buys for large-scale utility PV projects.
During the recent series of articles on PV-Tech - outlining the drivers, methodology and validation of the new PV ModuleTech Bankability ratings for PV module suppliers - one of the key inputs required to generate the overall supplier bankability score (and rating class) was the financial strength of each company.