Are either publicly listed on a stock exchange or have a strong and stable balance sheet.
Tier 1 solar panels definition.
Tier 1 solar panel manufacturer characteristics uses the best grade of silicon to produce solar cells higher the silicon grade the longer the solar cell will last and the better it will perform produces some of the best performing solar panels at reasonable price.
Each year solar review publishes the latest tier 1 solar panels list in a bid to assist end user education understand the term tier 1 was not created as a quality guideline.
Tier 1 doesn t mean the panels are the best performing modules on the market.
What are tier 1 solar panels.
Is vertically integrated meaning they make their own cells and wafers.
Have fully automated production and a high degree of vertical integration.
Based on bnef s criteria tier 1 modules are just those that are used in a lot of projects and almost all established solar companies are considered tier 1.
All tier 1 solar panels must be produced through highly automated manufacturing techniques.
Tier 1 is simply an investigation by bloomberg new energy finance that entails the solar panel manufacturer needing to show that 6 different finance houses have backed projects of over 1 5mwp of solar a fairly large solar farm within the last 2 years.
The tiered solar panel classification was first developed to show banks which panel manufacturers were legitimate and trustworthy but it s evolved since.
The tier 1 ranking scale is orchestrated by bloomberg new energy finance corporation and is used to rank solar panel manufacturers in terms of their bank ability or financial stability.
One may quite rightly make an assumption that a tier 1 ranking has more to do with financial stability rather than product quality and the answer is yes.
Have been producing solar panels for 5 years or more.
Pike research in pikes s system tier 1 manufacturers represent only a small slice 2 of the total number of manufacturers on the market but a number of factors set them clearly apart from tier 2 and tier 3 manufacturers.
Comprised of existing sources already made publicly available on the internet this latest tier 1 solar panels list 2020 is available in an easily indexable fashion for.
Generally speaking tier 1 solar panel manufacturers are defined as those that.
For many years the solar industry has used the tier ranking system to help guide buyers and financiers in understanding what makes a good solar panel and a good company.
This is designed to guarantee panels are of an extremely high standard of quality consistency and reliability.
You can read the full methodology on bloomberg new energy finance s website here.
It s also important to note that bnef s tiered system ranks manufacturers and not specific panel lines.
