/C O R R E C T I O N -- Boviet Solar/

In the news release, WOOD MACKENZIE NAMES BOVIET SOLAR IN TOP 10 OF 2025 GLOBAL PV MODULE MANUFACTURER RANKINGS, issued 11-Jun-2025 by Boviet Solar over PR Newswire, we are advised by the company of an update to the release. The complete, corrected release follows:

WOOD MACKENZIE NAMES BOVIET SOLAR IN TOP 10 OF 2024 GLOBAL PV MODULE MANUFACTURER RANKINGS

SAN JOSE, Calif., June 11, 2025 /PRNewswire/ -- Boviet Solar Technology Co. Ltd. ("the Company" or "Boviet Solar"), a leading global solar energy technology company specializing in monocrystalline PV cells and premium Gamma Series™ Monofacial and Vega Series™ Bifacial PV modules, announced today that it has achieved seventh place in the 2024 Wood Mackenzie (WoodMac) Global Solar Module Manufacturer Rankings.

"We're truly honored to be recognized among the top global PV manufacturers in Wood Mackenzie's respected rankings."

As a global provider of data, analytics, insights, events, and consultancy services for the energy, renewables, and natural resources sectors, Wood Mackenzie's mission is to provide businesses and governments with reliable and actionable insight and advice to lead the transition to a sustainable future.

Investing in solar PV projects can involve significant costs and risks for both buyers and lenders. Financial institutions are more inclined to support projects using components chosen by clients if they are assured of solar module quality and manufacturer financial strength. Boviet Solar's recognition as a Top 10 PV Module Manufacturer highlights its reputation as a dependable, long-term partner in the industry—offering high-performance modules that instill confidence in clients and financiers alike.

"We're truly honored to be recognized once again among the top global PV manufacturers in Wood Mackenzie's respected rankings of solar suppliers," said Scott Chen, VP Global Sales and Marketing. "The solar market has evolved significantly over time, presenting obstacles along the way. As industry veterans, we're proud to have built a strong track record throughout the past ten years. With our continued focus on research and development, ESG practices, and other strategic goals, we'll remain positioned for growth while maintaining our financial stability to meet—even surpass—our client expectations as we partner to expand solar development around the world."

Wood Mackenzie calculates unique scores for each module manufacturer to determine transparent and fair rankings. It also evaluates manufacturers from the buyer's perspective, contingent on thorough research of what buyers look for when assessing the hundreds of PV module manufacturers on the market. Scoring methodology criteria included:

• Capacity utilization
• Technology maturity
• Adherence to ESG and CSR
• Availability of third-party certification
• Financial conditions
• Module manufacturing experience in production
• Supply chain resistance
• Vertical integration
• Module manufacturing experience in years
• Research and development

"It's a great achievement to be included in Wood Mackenzie's top rankings among so many global industry players," said Sienna Cen, President of Boviet Solar USA. "Earlier this year, we opened our 2-GW North American solar module production facility in Greenville, North Carolina. This milestone strengthens our ability to advance our technology, boost production capacity, and deliver more high-quality products to meet the needs of our customers."

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

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SOURCE Boviet Solar