On May 23, 2024, Bloomberg New Energy Finance (BNEF) released its 2Q 2024 Global PV Market Outlook report. AESOLAR has once again secured its position on the Tier 1 list of photovoltaic (PV) module manufacturers, reaffirming our commitment to quality, reliability, and financial stability.
TIER1 PV MODULE MANUFACTURER BY BloombergNEFAs a leading global PV manufacturer, AESOLAR has maintained the Tier 1 status for the 14th consecutive time since Q1 2021, underscoring our consistent quality, brand credibility, and strong financial viability.
The report's subtitle, "Rainy days for solar manufacturers", summarizes the challenging landscape facing the PV manufacturing industry. Despite this, AESOLAR remains committed to maintaining the quality of our products, research, and customer support, navigating through market competition to provide reliable support to our customers and investors.
BNEF is a globally recognized research institution in the new energy market, and its Tier 1 list is regarded as the "gold standard" in the PV industry. In response to changing market dynamics, BNEF has implemented stricter selection criteria for its Tier 1 list since Q1 2024. Manufacturers must meet rigorous requirements, including supplying independently branded and self-produced components for at least six PV projects exceeding 5MW each over the past two years, with financing from six different commercial banks. This rigorous and fair selection process underscores the financial viability of Tier 1 manufacturers and provides a reliable reference for the industry.
Furthermore, AESOLAR received a '*' in the list, indicating that their investigation report can be obtained from PV Evolution Labs (PVEL). The AURORA series from AESOLAR has passed testing conducted by PVEL Laboratory and was awarded the 'Best Performance' prize for 2023. This achievement is a direct result of AESOLAR's continuous focus on research and development, technological innovation, and enhancement of production processes and quality management.
AESOLAR's consistent inclusion on the Tier 1 list and numerous accolades underscore our leading position and exceptional capabilities in the PV industry. As global demand for renewable energy continues to grow, AESOLAR will leverage our technological innovation and market expansion advantages to contribute further to the industry's sustainable development.
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