JinkoSolar Holding, one of the largest and most innovative solar module manufacturers in the world, announced that it was one of only four PV module suppliers to receive a ‘AA’ bankability rating from PV-Tech and Solar Media. JinkoSolar is the only PV module supplier to have AA-Ratings for the past 12 consecutive quarters.
In its first-ever quarterly PV ModuleTech Bankability Ratings, PV Tech set out to create an independent, comprehensive and transparent ranking system to help investors, banks, project developers and EPCs differentiate between the hundreds of PV module suppliers.
The benchmark ratings, which incorporate the Altman Z score that was first developed over 50 years ago to help forecast the likelihood of manufacturing companies going bankrupt, aim to balance corporate solvency with module manufacturing capabilities in order to help end-users understand the overall risk and financial health of their suppliers.
Kangping Chen, CEO of JinkoSolar, commented, “As the need for cleaner alternative energy solutions becomes ever more important, and as our industry continues to grow, it is becoming increasingly difficult for customers to distinguish between supplier claims. We have also deliberately tried to balance profitability and the long-term sustainability of our business.”