Sungrow Awarded with BloombergNEF “100% Bankability” Rating

Sungrow has an industry-leading testing center certified by all major international certification bodies including TÜV Rheinland, TÜV SÜD, CSA, UL, and CNAS. Sungrow inverters have passed over one thousand independent quality and reliability tests, a feat unmatched by the majority of inverter manufacturers

August 19, 2019. By News Bureau

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Sungrow has announced that it was valued "100% bankable" by BloombergNEF midst inverter firms in its latest survey, validating that projects using Sungrow inverters are more likely to acquire non-recourse debt financing from banks compared to other competitors.

The BloombergNEF bankability survey enquired banks, developers and technical due diligence firms, which brands out of 17 inverter manufacturers they considered bankable. BloombergNEF is recognized by numerous international financial institutions as among the most credible third-party renewable energy research hubs, asked about bankability for inverters for the first time. Sungrow is one of the few inverter companies to be ranked as 100% bankable.

The survey highlights the solvency and reliability of partnering with Sungrow bearing in mind comprehensive dimensions of evaluation, in particular, long-term warranties and insurance, local support and superior product quality. Notably, Sungrow has an industry-leading testing center certified by all major international certification bodies including TÜV Rheinland, TÜV SÜD, CSA, UL and CNAS. Sungrow inverters have passed over one thousand independent quality and reliability tests, a feat unmatched by the majority of inverter manufacturers.

"We are proud of being the preferred brand for customers, partners and financial organizations," said Cao Renxian, Chairman of Sungrow. "Sungrow is providing state-of-the-art products with continued efforts on R&D. And we are establishing ourselves as the comprehensive service platform with a footprint across six continents."

Remarkably, the presently released H1 financial report of Sungrow displays 14.56% year on year growth in revenue, representing the Company's robust drive to sustainable economy. The Company's expansion internationally is principally significant, now holding leading market positions in the Americas, Southeast Asia and elsewhere.

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