What is bloombergnef tiering system?

7. Appeals 3 BloombergNEF has developed a tiering system for PV module products based on bankability, to create a transparent differentiation between the hundreds of manufacturers of solar modules on the market.

What is bloombergnef Tier 1 PV module maker list?

BloombergNEF Tier 1 PV Module Maker List, IQ 2023 February 24, 2023 BloombergNEF Tier 1 PV Module Maker List, IQ 2023 BloombergNEF has developed a tiering system for PV module makers based on bankability, to create a transparent differentiation between the hundreds of manufacturers of solar modules on the market.

Are low prices hurting the solar industry?

By Jenny Chase, Lead Analyst, Solar, BloombergNEF The global PV industry is expected to install 592 gigawatts of modules this year, up 33% from the boom year of 2023. Low prices for modules are stimulating demand in new markets, but hurting manufacturers, who are competing intensely to maintain market share.

What is the total capacity of a Tier 1 solar module?

Total module capacity of Tier 1 manufacturers is 839GW. Inventory buildup is severe in Europe, where some residential markets are slightly weaker than in 2022 on lower electricity prices. Module prices are at their lowest level ever, reaching $0.128 per watt in the third week of November.

What does 'bankability' mean in tiering a solar project?

Definitions 'Bankability/ - whether projects using the solar products are likely to be offered non-recourse debt financing by banks - is the key criterion for tiering. Banks, and their technical due diligence providers, are extremely unwilling to disclose their whitelists of acceptable products.

How big is the solar market in 2022?

Installed volumes in the solar market are up about 64% from 2022 to 2023, exceeding our previous estimates. The biggest upward revision was in mainland China, which looks set to build 240 gigawatts this year, but there are now 33 markets installing over 1GW each year.