BloombergNEF has rated Sungrow as 100% bankable among inverter firms in its latest survey. The BloombergNEF bankability survey asked banks, developers and technical due diligence firms, which brands out of 17 inverter manufacturers they considered bankable.
The survey highlights the creditworthiness and reliability of partnering with Sungrow considering comprehensive dimensions of evaluation, in particular, long-term warranties and insurance, local support and superior product quality. Notably, Sungrow has a testing center certified by all major international certification bodies including TÜV Rheinland, TÜV SÜD, CSA, UL and CNAS. Sungrow inverters have passed over 1,000 independent quality and reliability tests.
“We are proud of being the preferred brand for customers, partners and financial organizations,” said Cao Renxian, Chairman of Sungrow. “Sungrow is providing state-of-the-art products with continued efforts on R&D. And we are establishing ourselves as the comprehensive service platform with a footprint across six continents.”
Notably, the currently released H1 financial report of Sungrow shows 14.56% year on year growth in revenue, indicating the company’s robust drive to sustainable economy. The company’s expansion internationally is particularly significant, now holding leading market positions in the Americas, Southeast Asia and elsewhere.
BloombergNEF is recognized by numerous international financial institutions as among the most credible third-party renewable energy research hubs, asked about bankability for inverters for the first time. Sungrow is one of the few inverter companies to be ranked as 100% bankable.
— Solar Builder magazine