Solar technology company, LONGi, has been ranked in the highest AAA category in PV-Tech’s PV ModuleTech bankability report for Q2 2023. This is the 14th consecutive quarter the solar PV module manufacturing company has achieved this ranking.
According to LONGi, the ranking underlines its outstanding performance in terms of high-quality products and services, combined with financial strength and stability.
“The AAA rating serves as recognition and affirmation of the overall strength of the company within the industry,” LONGi said.
PV-Tech’s PV ModuleTech bankability report released every quarter analyses, and benchmarks manufacturers based on their relative strengths (value-chain, production, global module shipment profile, capex and R&D spending) and financial (cash-flow, debt, valuation, profitability and turnover) perspective.
PV-Tech says the report is a must-have tool for all global PV site investors, developers, EPCs and asset-owners, where module supplier selection is critical to maximizing site performance, reliability and long-term returns.
“Behind the retention of the AAA rating lies relentless effort and continuous innovation. LONGi consistently invests in R&D, collaborating with industry-leading partners to drive product and service innovation. This achievement also highlights the solid foundation of the company for future growth and success” said LONGi.
“Moving forward, LONGi will continue to strive to maintain its leading position in the ever-changing market environment and create greater value for customers and partners,” LONGi concluded.
LONGi is joined by a few other manufacturing companies in the AAA ranking status, including JA Solar, Trina Solar, and JinkoSolar.
PV-Tech says its bankability ratings are now recognised widely across the PV sector as one of the most accurate and detailed ranking systems on offer to PV module buyers when undertaking supplier due diligence.