DMEGC Solar

S E C U R E D A D D E D VA L U E
Through our dedicated “Focus on Quality”, DMEGC
PV modules have withstand the most stringent and
demanding tests requirements from its clients, devel-
opers and project investors over the years. This has
encouraged us to continuously produce quality prod-
ucts which guarantee reliability and performance in
any circumstances. Moreover, we have taken it upon us
to add more long term value to our product, by support-
ing our clients to obtain (project) finance based on the
merits our PV modules.

We like to hand you a few key parameters to ease your

module selection:

What is a Tier 1 Solar Panel Manufacturer?

DMEGC Solar modules are rated TIER 1
Bloomberg New Energy Finance (BNEF) is a research
consultancy that provides financial information and
analysis to investors in the Clean Energy sector.  BNEF White List
tracks the solar panels used in large scale solar develop-
ment projects, their value and what kind of finance was Banks have a ‘white list’ of solar panel manufacturers
used. that they will accept for projects financed on a non-re-
course basis. These manufacturers are often rated as
Banks that finance solar farms can do so with either ‘bankable’ by the banks and such a white list is used to
though recourse or non-recourse financing. advise investors and developers in their selection and
Non-recourse finance means that the bank has no investment decision.
claims over the assets of the developer that builds the
solar farm, but only relies on the product warranty of the You can find here a short list of a few banks DMEGC
solar manufacturer. Solar modules are represented on;

According to BNEF, “a tier 1 manufacturer is a party that

has sold its own-brand, own-manufactured pv panels The Netherlands France
to minimum six projects larger than 1.5MWp in the past
Triodos Bank BNP Paribas
two years, where the financing of those projects was
done by six different banks and the finance was ‘non-re- ING Bank Credit Agricole Bank
course’ finance”.
Rabobank Societe General
ABN Bank
ASN Bank
BNG Bank

Are you save by selecting a BNEF tier 1 qualifier?

BNEF itself is clear that being on the list is not a direct
measure of the quality of the product or even financial
stability of the company that made it:
As per BNEF “We strongly recommend that module
purchasers and banks do not use this list as a measure
of quality, but instead consult a technical due diligence
firm ... the classification is purely a measure of industry
acceptance.  There have been many examples of quali-
ty issues or bankruptcy of Tier 1 manufacturers”.
H I G H R A N K I N G A LT M A N - Z S C O R E S
Altman-Z Scores are calculated independently by manufacturer is geared to the validity and enforceabil-
i.e. Sinovoltaic and PVTech, to understand which PV ity of the warranty policies on its modules. Most people
module manufacturers are financially stable, and which realize that today’s PV module manufacturers will prob-
players are at risk of going bankrupt. For any stakehold- ably not be around in 25 years. However, for the short to
er involved in solar projects, the financial stability of medium term, you want to be sure that warranties are
the manufacturer is of crucial importance. Employing in place. In many years to come, lots of PV projects will
solar PV modules from financially stable manufactur- likely face this tough question: whom to contact with
Graph
ers provides#1for a-better
Fullbalance
ranking overview
against the potential of performance
PV module manufacturers
complaints and replacement requests
risks of collapsing return of investment (ROI) of any
Sinovoltaics PV manufacturer ranking - Edition #4 - 2020PV regarding a malfunctioning module after 2, 5 or even 15
project. Ultimately, the financial stability of a PV module years?

Safe zone Grey zone Distress zone

8

-1

-2
Tek Seng Holdings

Hyundai Heavy Industries

Talesun (Zhongli Science and Technology)
Linyang Photovoltaic (Linyang Energy)

Ningxia Yinxing Energy

SunLink PV (Irico Group New Energy)

JinkoSolar

Sola rgiga Energy Holdings

DMEGC Sola r (DMEGC Magnetics Group)

Canadian Sola r

Alex Sola r (Shanghai Huayi Group)

Daqo New Energy

Shinsung E&G

Jiawei Sola r
Linuo Power (Hongfa Technology)

Trina Sola r
LONGi Sola r

Aide Sola r (Pan Jit International)

Ulica Sola r (Shanshan Group)

Topsola (Hongrun)

Suntech (Shunfeng International Clean Energy)

Jetion Sola r (CNBM)
Anji Technology
Sunowe ( Zhejiang Sunflower )

Huamutongtu New Energy (Henan Yicheng New Energy)

Phono Sola r (Changlin Company)

RealForce Power (Dynavolt Renewable)

LG Sola r
Nexpower (United Microelectronics)

GCL System Integration Technology

United Renewable Energy Co

Gloria Sola r (Inventec)

S-Energy

SunPower
Topraysola r
Risen Energy
Fengfan (China Shipbuilding Industry Group)

Panasonic

Eging PV

Aleo Sola r (Sino-American Silicon Products)

Mitsubishi Electric

Huansheng PV (Zhonghuan Semiconductor)

Jolywood
Motech

TSEC

Renesola
Tainergy
First Sola r
Eoplly (Zongyi Group)

BYD

Sunvim Group
Hanwha Q-Cells (Hanwha Solutions)
Kaneka
Hansol
Almaden

Akcome
Sharp

Sola rtron
CECEP
Eterbright
Boviet Sola r
Vina Sola r (LONGI SOLAR)

Gintung

AU Optronics

Ritek
JA Sola r

HT SAAE

ERA Group
Astronergy (Chint Group)
Kyocera

CSG

DMEGC modules are Solarif Certified.

Purchasing a Solarif-certified pv panel
safeguards that in the event of a bank-
ruptcy or discontinuance of the manu­
facturer, the insured PV modules will
continue to function under the manufacturer’s product
warranty. In the event of Non-Solarif-certified modules,
it could have a negative effect on your project returns.
The Solarif-certification indicates that your product has
been produced according to Solarif’s quality standards
which leads to less failures and improved consistent fu-
ture returns. Solarif certification also provides an option
for external coverage of factory warranties if required
for tenders or supplier selections.