CSUN has achieved “Tier 1” status on the Bloomberg New Energy Finance (BNEF) PV Module Maker Tiering System, representing a milestone of CSUN to supply more high quality solar cells and modules.
BNEF has developed a tiering system for PV module makers based on bankability, helping developers, EPCs and investors to get an easy and transparent overview of the complex module manufacturing market. It defines Tier 1 manufacturers as those, which have provided products to three different projects financed non-recourse by three different (non-development) banks, in the past two years. This selection criterion was defined as modules used in non-recourse financed projects have already been evaluated by commercial banks, and therefore proved to meet their strict quality standards.
Jenny Chase, Manager, Solar Insight at Bloomberg New Energy Finance acknowledges: “BNEF confirms that CSUN will be included as a Tier 1 supplier in its Q2 2014 PV Market Outlook, available to suppliers. This is because it meets the criteria laid out here: //about.bnef.com/files/2012/12/bnef_2012-12-03_PVModuleTiering.pdf.”
“This is an important milestone on our strategy path to continuously expand CSUN’s global reach by supplying high quality products and being a safe choice for our partners and customers in a quickly changing industry”, comments CSUN’s CEO Stephen Cai. “Having achieved the tier 1 module supplier status allows developers and EPC customers easier access to financing instruments, which is an important pre-requisite to realize utility scale solar installations. The BNEF ranking system is a trusted evaluation tool, which carries a lot of weight with many of our customers.“