Boviet Solar maintains Tier 1 status with BloombergNEF
Boviet Solar Technology Co. once again is recognized as a Tier 1 PV module manufacturer by Bloomberg New Energy Finance (BNEF) for Q2 2025. Boviet first achieved this rankling in 2017.
“This recognition goes beyond an accolade; it represents the dedication and innovation our teams bring to the industry every day,” says Sienna Cen, President of Boviet Solar USA, added. “As we address the growing needs of utility-scale and large commercial and industrial applications, our unwavering focus remains on quality, innovation, and fostering strong collaborations with our valued partners.”
BloombergNEF Tier 1 status
BloombergNEF, a leading authority on research and analysis in the transition to a low-carbon economy, employs a stringent tiering system to assess the bankability of PV module manufacturers. BNEF’s Tier 1 bankability rating is benchmark that investors, developers, EPCs, and asset owners use as shorthand for a measure of a manufacturer’s long-term stability and product dependability.
Achieving Tier 1 status requires manufacturers to supply their own-brand, self-manufactured products to at least six separate solar projects, each backed by non-recourse financing from six different banks within the last two years. These projects, with capacities of 5.0 MW or more, must be listed in the BNEF database with publicly accessible details about their location, size, developer, financial backers, and module supplier.
Boviet Solar technology
Boviet Solar is solar energy technology company specializing in monocrystalline PV cells and Gamma Series Monofacial and Vega Series Bifacial PV modules. Engineered with advanced solar cell technology and intelligent design features, Boviet modules are crafted from robust components and subjected to rigorous quality control and state-of-the-art manufacturing processes.
Scott Chen, VP of Global Sales and Marketing at Boviet Solar, commented, “Achieving and maintaining Tier 1 status is a testament to the trust our partners have in us and the exceptional quality of our product portfolio. It underscores our leadership in providing solutions that consistently deliver reliability and bankability at the highest level.”
Boviet Solar Technology Co. officially opened the doors on its PV module plant in Greenville, Pitt County, North Carolina—its first U.S. manufacturing facility. The $294-million facility will produce high-performance Gamma Series Monofacial and Vega Series Bifacial PV modules with PERC and N-Type solar cell technology. Boviet Solar modules are built for residential, commercial, industrial, and utility-scale applications.
Boviet Solar bona fides
In addition to this accolade, Boviet Solar has also been ranked among the top 10 global bankable PV module manufacturers by Wood Mackenzie as well as the top 10 global financially stable PV module manufacturers by Sinovoltaics. Boviet Solar’s PV modules are known for their power, performance, and quality and have been rated as top performers on Kiwa PVEL’s PV Module Reliability Scorecard since 2019.
