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BloombergNEF Ranks LONGi 100% Bankable in its 2022 Report

The BloombergNEF (BNEF) PV Module and Inverter Bankability report for 2022 has once again ranked LONGi as 100% bankable globally, based on the company's financial stability and capacity.

November 29, 2022. By News Bureau

The BloombergNEF (BNEF) PV Module and Inverter Bankability report for 2022 has once again ranked LONGi as 100% bankable globally, based on the company's financial stability and capacity.

The ranking is based on BNEF's annual survey of those involved in the global solar industry regarding PV module brands and new technologies. Survey responses were sought from banks, funding institutions, engineering procurement and construction firms (EPCs), independent power producers (IPPs) and technical advisers from organisations involved in 557GW of financed capacity.

All respondents recognised LONGi's bankability and strongly endorsed the company's reliability. For developers, investors and asset owners, a range of metrics exist for assessing a manufacturer's bankability, particularly installed capacity and financial stability.

In terms of capacity in the field, the BNEF renewable asset database, containing details of over 40,000 PV assets, tracks module brands deployed in financed projects. LONGi has the largest module capacity for term-loan financed projects since 2020, currently standing at 4.7 GW.

In terms of financial stability, the financial health of a manufacturer is an important consideration for banks, with LONGi posting one of the two highest scores in the widely recognised Altman-Z metric used as a related measurement tool.

"We are delighted to once again be rated 100% bankable by BNEF, which represents a high level of global recognition for LONGi. As a leader in solar technology, the company prioritizes end-user value, maintaining operational stability and robust financial health, while continuing to focus on ongoing technical innovation," commented VP Dennis She.

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