On May 23rd, Bloomberg New Energy Finance (BNEF), a globally renowned research institution, released its 2Q 2024 PV Module Maker Tier 1 List. Jetion Solar has lived up to expectations by re-entering the list.

At the beginning of 2024, Bloomberg New Energy Finance significantly revised its evaluation criteria for Tier 1 PV module makers, making the selection process much more challenging. Specifically, the project capacity requirement increased substantially from 1.5MW to 5MW, emphasizing a greater need for manufacturers' large-scale supply capabilities. Additionally, companies must have provided own-brand, own-manufacture products to at least six different projects, which have been financed non-recourse by six different commercial (ie not development, not export-import) banks, in the past two years.

The stricter selection standards have undoubtedly raised the bar for Tier 1, defining the top level within the industry and significantly influencing the decision-making confidence of market participants. For customers, a Tier 1 manufacturer signifies exceptional manufacturing strength and a solid financial foundation. Their products are highly regarded in the market and are preferred partners for banks and financial institutions. These factors are crucial for ensuring on-time project delivery and long-term performance, directly linked to loan security and investment return reliability. Thus, the Tier 1 title is not only a symbol of a company's financing capability but also an important indicator of customer trust and bank investment assurance.

As one of the few pioneers in heterojunction technology to make it to the Tier 1 list, Jetion Solar has continuously supplied high-quality products to PV projects worldwide since the establishment of its heterojunction product base in 2023, earning widespread acclaim from global customers. Leveraging its extensive portfolio of overseas projects, Jetion Solar’s return to the Tier 1 ranks consolidates its leading position in the PV field.

Jetion Solar’s recent recognition is not only a strong testament to the enhancement of its brand appeal and market competitiveness but also a renewed authoritative affirmation of the company's comprehensive strengths in technology research and development, market strategy, and financial management. Looking ahead, Jetion Solar will continue to advance the industrialization of heterojunction technology, unlock its broad application prospects, drive revolutionary breakthroughs in product performance, and remain steadfast in leading the industry forward.

About Jetion Solar

Jetion Solar (China) Co., Ltd. is a world-renowned solar PV manufacturer, which is affiliated to China National Building Materials Group Corporation (CNBM), one of the FORTUNE 500 companies. Jetion Solar provides solar products, solutions and global EPC services to utility, commercial and residential customers all around the world and was rated as “Tier 1” on BloombergNEF Module Maker Tiering System. Currently, Jetion Solar has an annual production capacity of 2 GW of cells, 2.5 GW of modules and has 1 GW PV project development and investment capability.