BOVIET SOLAR CONTINUES TO RANK AS A BLOOMBERG NEW ENERGY FINANCE TIER 1 PV MODULE MANUFACTURER

SAN JOSÉ, Calif., June 4, 2025 /PRNewswire/ -- Boviet Solar Technology Co. Ltd. (the "Company" or "Boviet Solar"), a leading solar energy technology company specializing in monocrystalline PV cells and Gamma Series™ Monofacial and Vega Series™ Bifacial PV modules, is proud to announce its continued recognition as a Tier 1 PV module manufacturer by Bloomberg New Energy Finance (BNEF) for Q2 2025. This prestigious ranking was first achieved in 2017 and reflects Boviet Solar's ongoing commitment to excellence.

It underscores our leadership in providing solutions that consistently deliver reliability and bankability.

BloombergNEF, a leading authority on research and analysis in the transition to a low-carbon economy, employs a stringent tiering system to assess the bankability of PV module manufacturers. Achieving Tier 1 status requires manufacturers to supply their own-brand, self-manufactured products to at least six separate solar projects, each backed by non-recourse financing from six different banks within the last two years. These projects, with capacities of 5.0 MW or more, must be listed in the BNEF database with publicly accessible details about their location, size, developer, financial backers, and module supplier.

Scott Chen, VP of Global Sales and Marketing at Boviet Solar, commented, "Achieving and maintaining Tier 1 status is a testament to the trust our partners have in us and the exceptional quality of our product portfolio. It underscores our leadership in providing solutions that consistently deliver reliability and bankability at the highest level."

Sienna Cen, President of Boviet Solar USA, added, "This recognition goes beyond an accolade; it represents the dedication and innovation our teams bring to the industry every day. As we address the growing needs of utility-scale and large commercial and industrial applications, our unwavering focus remains on quality, innovation, and fostering strong collaborations with our valued partners."

BNEF's Tier 1 bankability rating serves as a vital benchmark for investors, developers, EPCs, and asset owners, offering a clear measure of a manufacturer's long-term stability and product dependability. This designation supports critical decision-making by guiding capital investments, supplier selections, and project implementation. By helping stakeholders evaluate performance, mitigate risks, and make well-informed choices, the Tier 1 rating promotes healthy competition and elevates industry standards.

In addition to this accolade, Boviet Solar has also been ranked among the top 10 global bankable PV module manufacturers by Wood Mackenzie as well as the top 10 global financially stable PV module manufacturers by Sinovoltaics. Boviet Solar's PV modules are known for their power, performance, and quality and have been rated as top performers on Kiwa PVEL's PV Module Reliability Scorecard since 2019.

About Boviet Solar

Boviet Solar is a leading solar technology company founded in 2013 in Vietnam, specializing in the manufacturing of high-performance Monocrystalline PV cells and high-quality Gamma Series™ Monofacial and Vega Series™ Bifacial PV modules for residential, commercial, industrial, community, and utility-scale solar applications. Boviet Solar combines business acumen, financial stability, technological expertise, and manufacturing excellence to produce top-performing PV modules, while fostering mutual partnerships, ensuring sustainability, supply chain traceability, and compliance with international trade standards.

Boviet Solar has earned a reputation for excellence, holding a Bloomberg New Energy Finance (BNEF) Tier 1 ranking, being recognized as one of the top 10 most reliable PV module manufacturers by Wood Mackenzie and Sinovoltaics, and consistently rated as a Top Performer in Kiwa PVEL's PV Module Reliability Scorecard. Boviet Solar's global headquarters is in Vietnam, with manufacturing facilities in both the USA and Vietnam, featuring an annual PV cell and PV module capacity of 3.0 GW, along with additional operations in the USA, Germany, and other regional markets. For more information about our company and products, please visit www.bovietsolar.com.

MEDIA INQUIRIES:
Songül Atacan
Head of Global Brand and Marketing
Boviet Solar
songul.atacan@bovietsolar.com

View original content:https://www.prnewswire.com/news-releases/boviet-solar-continues-to-rank-as-a-bloomberg-new-energy-finance-tier-1-pv-module-manufacturer-302473195.html

SOURCE Boviet Solar