JinkoSolar has issued a series of statements on its recent exclusion from BloombergNEF's list of tier-1 solar module manufacturers for the second quarter of this year. The list primarily focuses on the bankability of PV modules.
JinkoSolar also said that other unspecified manufacturers have been removed from the tier-1 list due to similar legal issues, sometimes with even higher sums of money at stake.
“Nevertheless, after addressing and resolving the underlying legal cases, they all have consistently been reinstated to the tier 1-list in the following report,” it said, without providing additional details.
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“Bankability – whether projects using the solar products are likely to be offered non-recourse debt financing by banks – is the key criterion for tiering,” BloombergNEF explains on its website. “Banks, and their technical due diligence providers, are extremely unwilling to disclose their whitelists of acceptable products.”
Unfortunately Tier 1 no longer serves as trustful criteria of bancability of module manufacturers. In tier 1 list all the companies are mixed together, no matter if their capacity is 100GW or 2GW. Also if the largest and more financial stable companies can be delisted by mere USD300 of a random debt, the methodology is clearly flawed.