Based on LERRI Solar’s success in projects that have received non-recourse financing, Bloomberg New Energy Finance has named LERRI Solar a Tier One supplier.
LERRI Solar, a world leading monocrystalline solar module manufacturer headquartered in Xi’an, China, has been named a Tier One supplier by Bloomberg New Energy Finance (BNEF). BNEF’s classification is based on demonstrating significant non-recourse project finance deals that have successfully closed. i.e., becoming a Tier One company, per BNEF, requires a significant track record of commercial acceptance by investment institutions. Furthermore, per BNEF, “…one of the characteristics of a tier 1 manufacturer is transparency and good data availability.” BNEF provides its list of Tier One producers, updated quarterly, to companies who subscribe to BNEF’s Solar Insight Service.
According to Mr. Richard For, LONGi-LERRI Solar’s Head of Overseas Business, “We are pleased to kick off 2017 with being named a Tier One module supplier by the prestigious Bloomberg organization. This is another milestone for the LONGi-LERRI Group and demonstrates market acceptance of our high quality and high efficiency monocrystalline modules.”
Based on manufacturing capacity, LERRI Solar ranks in the top quarter of all manufacturers on BNEF’s Tier One list.
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