Taiwanese module maker WINAICO has been awarded tier-one manufacturer status by Bloomberg New Energy Finance (BNEF).
The classification is a signifier to BNEF’s investor clients and media channels of the bankability of a firm’s PV modules. As such, the analysis and news provider points out that while some firms use the status “as an advertisement”, it should “never replace due diligence in product selection”.
It essentially means that a manufacturer has supplied its own brand PV modules to five projects, each of more than 1.5MW capacity. The projects must also have beeen lent non-recourse financing by non-development banks tracked in BNEF's database and have been executed within the past two years.
WINAICO recently also earned TUV Rheinland IEC certification for its 300W monocrystalline PERC module, qualifying the product for mass production and shipping to worldwide markets. The company also offers optional 10-year insurance terms on its modules that include protection against reduction in yield, interruption of service and material damage.
Incidentally, the possibility had been raised recently that, due to the alleged circumvention of import duties by Chinese firms manufacturing or shipping products through Taiwan, Taiwanese solar companies could also be affected by an EU investigation into the matter. However, a Taiwan-based analyst, Corinne Lin of EnergyTrend, said she believed the EU is not likely to levy duties on Taiwanese or Malaysian goods, as these are already being undercut on price by firms avoiding the minimum import price (MIP) undertaking between China and the EU, using a variety of loopholes.
One Chinese tier-one module manufacturer, ZN Shine, was this week formally removed from the MIP. ZN Shine had reportedly been found in breach of the deal by transhipping through Japan and submitting questionable paperwork.