PV-Tech and Solar Media Research recently released the 2021-Q1 PV ModuleTech Bankability Quarterly Ratings Report which revealed LONGi Solar maintaining its position as the sole manufacturer in the top-tier position, continuing to be the only AAA-rated company among module manufacturers, the highest grade achievable.
In the Module Supplier Hierarchy, the number of module suppliers having A or B Grade rating is further decreasing. Seven companies have A Grades (AAA, AA, A), while three falls into B Grade (BBB, BB and B). PV Tech’s final bankability score is derived using a range of statistical analyses that involve gathering a wealth of data for each PV module supplier, going back 5-10 years. Scores are derived for each company’s financial and manufacturing health – these being the two key contributors to overall bankability. Manufacturing health score is further broken down to the PV module suppliers’ supply/shipment, capacity and technology scores.
Comparing with other A-Grade competitors, LONGi Solar is in positive territory in almost all key metrics. In R&D expenditure, LONGi significantly leads the PV industry in R&D investment in the past few years, becoming the key factor in the whole industry moving from multi to mono as the dominant technology.
LONGi is arguably the most important manufacturing entity in the PV industry today, being the largest PV wafer supplier with a massive 60-GW-plus mono capacity in China. Through vertical integration from wafer to cell to module production (all mono), LONGi has achieved recognition as the largest global PV module supplier today. LONGi’s guidance for its 2020 module shipments is above 20GW.