ReneSola secures Tier 1 rank on BNEF Module Maker Tiering System

ReneSola Ltd. (Jiashan, China) announced it has been upgraded to “Tier 1″ status on the prestigious Bloomberg New Energy Finance (BNEF) PV Module Maker Tiering System.

The company made this announcement at the InterSolar North America solar exhibition and conference.

“This is a big win for us and we worked diligently to reach this milestone. We recognize that major PV project developers, EPCs and financiers rely on the BNEF report and we believe this announcement will open up a broader section of the market for our high quality solar products,” ReneSola America President Kevin Chen said in a statement.

“We’ve built a strong presence in the U.S. with our highly talented and knowledgeable sales, marketing, and operational support staff. ReneSola has been marketing and selling solar PV modules and microinverters for just over a year. Now, with our three operations centers and eight warehouses in the U.S., the Company has quickly grown to become one of the industry’s largest module suppliers. This recognition by BNEF reflects our commitment to the U.S. market and the great strides we have made in a short amount of time,” Chen added.

BNEF developed its tiering system for photovoltaic (PV) module makers to create a transparent differentiation between the hundreds of manufacturers of solar modules on the market. The classification is based on bankability, specifically whether projects using a particular brand of solar modules are likely to be offered non-recourse debt financing by non-development banks.

Date: July 12, 2013 | Source: ReneSola | Asia Energy Journal

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