Sungrow Bags 100% Bankability for a Second Year From BNEF

Aug 31, 2020 04:45 PM ET
  • Sungrow has actually once again been ranked "100% bankable" by BNEF based on its most current study of PV Module & Inverter Bankability 2020. The company has likewise finished delivery for South Korea's biggest crossbreed plant.

Sungrow, one of the leading international inverter option vendors for renewables, has introduced that it has once again been ranked "100% bankable" by BloombergNEF (BNEF) according to its most current survey of PV Module & Inverter Bankability 2020, coming to be the only inverter vendor placed "100% bankable" for 2 straight years.

It demonstrates that banks are more probable to give non-recourse term financings to solar projects using Sungrow inverters, guaranteeing a beneficial and steady return of investment for financiers.

BloombergNEF surveys solar industry participants covering 32 financial institutions, funds, solar design professionals, independent power producers and technological consultants from a global landscape. The report taking into consideration the manufacturers' ability in the field, economic health and wellness, neighborhood assistance and solution, the warranties and technical functions as significant indicators, is a vital recommendation for banks in providing commercial credit as well as developers in choosing the inverter brand.

In its press statement, the company connected much of this honour to its continued efforts in fulfilling the mission of "clean power for all". Given the industry's largest R&D team and 23-year proven record, the Company keeps yielding innovative product profiles to meet the global surging need. Its industry-leading testing centres certified by major worldwide bodies like TÜV, CSA, UL and also CNAS, assurance noticeable integrity. Sungrow's nimble neighborhood teams offer technological support, sales as well as 24/7 after-sale services.

The Company's latest 1H monetary record reveals a 55.57 percent year-on-year growth in income, highlighting a robust and preeminent efficiency in lasting development.

The company has also reported that it supplied a 93 MWac project with its outside central inverter remedies. The project recently took into industrial procedure, remains in Yeongam, South Jeolla province, South Korea. It is notable as one out of the only two solar projects of approximate 100 MW capacity in the nation, and also turning point application as of the biggest crossbreed energy systems in the region.

Found in a 2.96 million square meters hilly site in Daemyeong, Yeongam, about 340 km south of Seoul, the PV project is a part of the biggest hybrid power system integrating PV, wind and also power storage space in South Korea, including agility within a difficult landform and also high humidity atmosphere.

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