DAS Solar Graded BB in Q4 2023 PV ModuleTech Bankability Ratings

2024-01-25

A recent 2023 Q4 PV ModuleTech Bankability Quarterly Ratings Report released by PV Tech shows DAS Solar has achieved a "BB" rating, which confirms its excellent performance as a leader in N-type technology and financial strength.

 

 

The PV ModuleTech Bankability Ratings is an authoritative analytical tool in the solar industry. It comprehensively assesses the financing viability of solar module manufacturers by considering manufacturing capabilities and financial performance. Evaluations include investment and financing risk, product reliability, efficient delivery capabilities, and corporate credibility.

 

As a N-type leader, DAS Solar is dedicated to continuous exploration and rigorous research in N-type technology, consistently surpassing industry standards in cell and module efficiency. DAS Solar has developed the TOCon 4.0 Plus high-efficiency cell that boasts an efficiency of 26.36% and an open-circuit voltage of 742mV, breaking the world record again. A technology roadmap developed by DAS Solar includes five pathways, TBC, SCPC, SFOS and TSiX, which will result in solar cell efficiency up to 40%.

 

 

Efficient and reliable delivery capability is inseparable from stable production capacity. DAS Solar utilizes a decentralized manufacturing layout and has established over 10 manufacturing bases in China, including Quzhou, Zhejiang; Taizhou, Jiangsu; Zhangzhou, Fujian; Weining, Guizhou; Beihai, Guangxi; and Beijing, Hubei. DAS Solar's localized strategy aims to minimize uncertainties associated with remote production, covering the supply chain, logistics, and customer service.

 

The International Energy Agency's "Renewables 2023 Global Status Report" forecasts a rapid growth period in renewable energy installed capacity over the next five years. DAS Solar has established subsidiaries in Germany and Australia as part of its global marketing strategy, opening up extensive market coverage throughout Europe, Oceania. It has established a low-carbon footprint in Japan, Southeast Asia, the Middle East and Latin America. With a Top 10 annual shipment, DAS Solar has significantly enhanced its visibility and influence on the global market.

 

DAS Solar had an annual TOPCon solar module capacity of 30 GW in 2023. It’s expected that DAS Solar will have established a production capacity of 50 GW respectively for N-type high-efficiency cells and modules by the end of 2024. This rating underlines the company’s sustained excellence in both performance and financial stability. DAS Solar will continuously offer global customers a reliable assurance of long-term optimal value in the future.

 

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