JinkoSolar has issued a series of statements regarding its recent exclusion from BloombergNEF’s list of tier-1 solar module manufacturers for the second quarter of this year. The list mainly focuses on the financeability of PV modules.
The company said in a statement that the delisting was due to a civil lawsuit involving the Chuzhou unit and arrears of CNY 2,190 ($308), and not due to financial problems or other irregularities. The company said it has fully resolved the issue and has submitted supporting documentation to BloombergNEF.
“The company will make no effort to remove the negative impact and provide the best bankability support as the largest module supplier in the world,” the company said.
JinkoSolar also said other unspecified manufacturers have been removed from the tier-1 list due to similar legal issues, sometimes with even higher sums of money at stake.
“Nevertheless, after addressing and resolving the underlying lawsuits, they have all been consistently reinstated to the Level 1 list in the next report,” the report said, without providing further details.
BloombergNEF’s quarterly list of solar module manufacturers focuses on the likelihood that banks will finance projects using specific solar products.
“Financialability – whether banks are likely to offer non-recourse debt financing to projects using solar products – is the key criterion for layering,” BloombergNEF explains on its website. “Banks and their technical due diligence providers are extremely reluctant to make public their whitelists of acceptable products.”
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