Huasun Secures Spot on BNEF PV Module Maker Tier 1 List for Q3 2024 with All-Heterojunction Projects – EQ
Bloomberg New Energy Finance (BNEF) released its ‘3Q 2024 PV Module Maker Tier 1 List.’ Huasun Energy, recognized for its high-efficiency and reliable heterojunction (HJT) photovoltaic (PV) products, strong brand presence, and robust financial foundation, has once again secured its place on the prestigious BNEF Tier 1 list. This continued inclusion underscores Huasun’s leadership and exceptional performance in the global solar market.
What is BNEF PV Module Maker Tier 1 List?
The BNEF Tier 1 ranking is a highly influential and authoritative evaluation system within the global PV industry. It assesses PV module manufacturers based on several critical factors, including product quality, eligibility for government project bids, and capability to secure bank financing.
The rigorous and transparent selection process of the Tier 1 list has earned it broad recognition and established it as a key benchmark for evaluating the comprehensive strength of PV module producers. It also serves as a vital reference for attracting investment in global solar projects. Huasun’s consistent inclusion on this list highlights its outstanding performance in technological innovation, product quality, and brand influence, further emphasizing its contribution to the sustainable development of the global solar industry.
What are the Specific Requirements of the BNEF Tier 1 List with Tougher Standards?
To qualify for the BNEF Tier 1 list, module manufacturers must meet stringent criteria. They are required to supply their own-branded and self-manufactured products for at least six distinct projects that have received non-recourse financing from six different non-development banks within the past two years. These deals must be over 5MW (a change in 1Q 2024 from 1.5MW in previous quarters) and tracked by BNEF’s database, ie the project location, capacity, developer, bank and module maker must be in the public domain. This rigorous standard ensures that only manufacturers with proven reliability and significant financial backing are included on the Tier 1 list.
What Makes Huasun a BNEF Tier 1 PV Module Maker?
As a global leader in HJT technology, Huasun Energy distinguishes itself through its vertically integrated R&D and mass production system, encompassing HJT wafers, cells, and modules. The company is at the forefront of technological innovation, representing a benchmark in productivity and advancement. Notably, Huasun’s Himalaya G12-132 module has garnered significant market attention with its champion power output of 750.54W and an impressive efficiency of 24.16%.
Huasun Energy’s extensive production capacity and diverse product range have enabled it to deliver over 6 GW of high-efficiency HJT products to PV projects in more than 40 countries. These projects encompass a wide range of applications, including utility-scale plants, commercial and industrial (C&I) rooftops, residential rooftops, offshore projects, and vertical applications. Huasun’s reliable delivery, top-quality service, and broad experience have earned global trust and support, reinforcing its continued presence on the BNEF Tier 1 list.
Huasun’s consistent presence on the BNEF Tier 1 list underscores its strong brand recognition and advanced HJT technology. Dedicated to enhancing solar energy efficiency and home livability, Huasun will keep advancing HJT technology and supporting the global energy transition by fostering global partnerships and innovation.
