#USA #solar energy #San Jose #Boviet Solar #Wood Mackenzie

Boviet Solar Achieves 'Grade A' Classification in Wood Mackenzie's H1 2025 Rankings

Boviet Solar Technology Co. Ltd., recognized for its expertise in solar energy technology, has secured a prestigious 'Grade A' classification in the latest H1 2025 Global Solar Module Manufacturer Rankings by Wood Mackenzie. This achievement underscores the company’s commitment to excellence in producing advanced monocrystalline PV cells and top-tier Gamma Series™ Monofacial and Vega Series™ Bifacial PV modules.

Wood Mackenzie stands as a global authority in the domains of data, analytics, and consulting, especially focused on the energy, renewables, and natural resources sectors. Their rankings are highly regarded, providing insightful assessments that assist various stakeholders, including investors, developers, and financial institutions, in making informed decisions based on the manufacturers’ bankability, operational strength, and technological leadership.

The scoring methodology employed by Wood Mackenzie is comprehensive, evaluating producers on key aspects such as:

• - Capacity Utilization: The efficiency with which manufacturers use their production facilities.
• - Technology Maturity: Assessment of the state and reliability of the utilized technologies.
• - Adherence to ESG Standards: Compliance with Environmental, Social, and Governance criteria.
• - Third-party Certifications: Availability of quality and performance certifications.
• - Financial Stability: A glimpse into the company’s financial health and operational robustness.
• - Years of Experience: The duration the manufacturer has been operating in the industry.
• - Supply Chain Resilience: Ability to withstand supply chain disruptions.
• - Vertical Integration and R&D Capabilities: Depth of in-house processes and innovation potential.

Sienna Cen, President of Boviet Solar USA, expressed her pride in this achievement, stating, "It's a great achievement to be recognized among so many respected global industry players." Cen also highlighted the company's recent operational milestones, including the initiation of their 3.0 GW North American PV module manufacturing facility based in Greenville, North Carolina, with plans to unveil a corresponding PV cell factory by the latter half of 2026. Such advancements enhance Boviet Solar’s capacity to innovate, improve production levels, and cater to the increasing demands of the solar market.

Adding more weight to this recognition, Boviet Solar has consistently been acknowledged as a Bloomberg New Energy Finance (BNEF) Tier 1 PV Module Manufacturer since 2017 and has ranked among several top lists, including Sinovoltaics' Top 10 Most Financially Stable PV Module Manufacturers and PV ModuleTech's Top 20 Global PV Manufacturers. Such accolades reflect the company’s unwavering commitment to quality and reliability.

Songul Atacan, Head of Global Brand and Marketing, reiterated the significance of this accolade, noting that over recent years, the solar market has evolved considerably, presenting challenges as well as opportunities. He stated, "As industry veterans, we take pride in our proven record and focus on R&D and operational excellence—these are crucial for maintaining our financial stability and meeting client expectations globally."

Founded in 2013 in Vietnam, Boviet Solar has rapidly positioned itself as a leader in the solar technology sector, combining robust business strategies, financial sustainability, and manufacturing expertise. The company aims to deliver high-efficiency solar solutions suitable for diverse applications, whether in residential, commercial, or utility-scale projects.

The dedication of Boviet Solar to sustainability and compliance with international standards reinforces its mission to foster trustworthy partnerships across the energy sector. With manufacturing operations in both Vietnam and the USA, along with a presence in other strategic international markets, Boviet Solar is set to play a pivotal role in advancing the global solar agenda.

For more information on Boviet Solar's products and innovations, visit www.bovietsolar.com.