UniCredit Leasing has added Solar Frontier’s CIS thin film modules to its bankability list of PV suppliers after quality tests were undertaken by Fraunhofer ISE.
“Bankability is a key criterion for PV manufacturers seeking financing from banks and financial institutions for large projects such as power plants, large commercial installations, and the project business in general”, said Wolfgang Lange, Managing Director, Solar Frontier Europe. “Especially in the current market situation, bankability has become a critical factor for the success or failure of a PV company. Although Solar Frontier has already achieved bankability with several renowned banks and financial institutions in Europe, UniCredit Leasing’s trust is an important milestone for our continuous expansion in the worldwide markets.”
The Japan-based thin film producer has engaged with a growing number of commercial and utility-scale PV projects as it ramped its capacity over the last two- years. The company recently reported record financial results.