Ginlong(Solis) ranked Top 3 among Asian brands on BloombergNEF's Solar Module & Inverter Bankability 2019 Report

NINGBO, China, Sept. 25, 2019 -- Bloomberg New Energy Finance (BNEF) recently released its Solar Module & Inverter Bankability 2019 report. For the first time, the company made investigations into solar inverters, surveying the bankability of several inverter brands.

'Bankability' means banks are more willing to offer non-recourse
loans to photovoltaic power generation projects that opt to use a
particular inverter brand.

Solis' inverters ranked third for Asian brands: a testament to the
brand's products being well-recognised by global technical experts and
respondents. This incredible result also means project developers are
more likely to receive bank financing if they use Solis' products over
those of other brands.

With a team of experts spread across six continents, BNEF analyses
complex data from around the globe to procure in-depth forecasts which
highlight the financial, economic and political implications of
industry-transforming trends and technologies.

For this survey, BNEF sought information from banks, developers and
technical due diligence firms about which brands, out of 48 module
manufacturers and 17 inverter manufacturers, they considered to be
bankable.

Interestingly, regional differences are far starker when considering
the bankability of inverters compared to modules. Unlike panels,
inverters are less of a commodity as modules have only one function --
producing energy -- while inverters have multiple purposes. Aside from
converting direct current into alternating current, inverters interact
directly with the grid and aggregate power output data. As such, there
are different types of inverters for different project requirements (for
example, some projects require central inverters while string inverters
are more suitable for others).

About Ginlong Technologies

Established in 2005, Ginlong (Solis) Technologies is one of the oldest and largest manufacturers of PV string inverters. Presented under the Solis brand, the company's portfolio uses innovative string inverter technology to deliver first-class reliability that has been validated under the most stringent international certifications. Armed with a global supply chain, world-class R&D and manufacturing capabilities, Ginlong optimizes its inverters for each regional market, servicing and supporting its customers with its team of local experts.

Source: Ginlong(Solis)

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