Ezzat Sankari, Channels Business Director for Sungrow across Middle East, Africa, and Central Asia, says that this prestigious rating indicates that banks are more likely to approve term loans for solar projects using Sungrow inverters, ensuring long-term financial stability and benefits for stakeholders.
“As the global solar market continues to expand, securing project financing remains one of the key challenges. BloombergNEF’s inverter bankability survey serves as a vital source for stakeholders, offering critical insights into the financial viability of renewable energy projects.”
Sungrow attributes much of this honour to its commitment to fulfilling its mission of ‘Clean power for all’. With the industry's largest R&D team and 28 years of proven excellence, the company consistently introduces cutting-edge product portfolios designed to meet the surging global demand for clean energy.
“Sungrow’s PV inverters have achieved a remarkable feat by being exported to over 180 countries and regions worldwide. As a testament to its global standing, Sungrow has been ranked as the global No.1 in PV inverter shipments for years, according to S&P Global Commodity Insights,” adds Sankari.
Notably, in the energy storage bankability rankings released by BloombergNEF in 2024, Sungrow ranked first in the world in both energy storage systems and PCS. As such, Sungrow has achieved global leadership in the bankability ratings of both energy storage and inverters.
“Bankability is ultimately about trust, not just in our technology, but in our ability to deliver long-term value. This recognition from BloombergNEF reinforces our commitment to powering a cleaner, more secure energy future for communities across the globe,” concludes Sankari.