March 25, 2014
NANJING, China and Frankfurt, Germany, March 25th, 2014 - CSUN, a specialized manufacturer of solar cells and modules is delighted to announce that it has achieved “Tier 1” status on the Bloomberg New Energy Finance (“BNEF”) PV Module Maker Tiering System.
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.
BNEF 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: http://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.“
About CSUN (China Sunergy Co., Ltd.)
CSUN designs, manufactures and delivers high efficiency solar cells and modules to the world from its production centers based in Turkey and China. CSUN also invests in high potential solar projects. Founded in 2004, CSUN is well known for its advanced solar cell technology, reliable product quality, and excellent customer service. For additional information, please visit http://www.csun-solar.com
CSUN Europe GmbH