#China #DMEGC Solar #DONGYANG #PV ModuleTech #Photovoltaic Modules

DMEGC Solar Achieves Impressive 'A' Rating in Latest PV ModuleTech Rankings

DMEGC Solar, a prominent player in the photovoltaic module industry, has recently been recognized with an 'A' rating in the latest PV ModuleTech Bankability Report for the fourth quarter of 2024. This evaluation highlights the company's solid financial health and its expanding manufacturing capabilities.

In a significant move, DMEGC Solar announced the commissioning of a new N-type cell plant with a production capacity of 6 GW. This not only elevates the company's total cell production capacity to an impressive 23 GW but also boosts its annual module output capability to 21 GW. In various shipping rankings for photovoltaic modules in 2024, DMEGC Solar has consistently ranked among the top 10 manufacturers, having shipped over 50 GW cumulatively. Notably, in Wood Mackenzie's latest global solar module manufacturer rankings, DMEGC Solar proudly secured the eighth position.

The PV ModuleTech bankability score is derived from comprehensive statistical analyses that examine data from photovoltaic module suppliers over the past 5 to 10 years. The primary elements affecting the scoring are financial standing and manufacturing capacity, which includes metrics such as shipping volumes, overall capability, and technology. The analysis methodically compares each company's financial and manufacturing strengths and weaknesses from an investment perspective, ultimately leading to the final score and rating.

DMEGC Solar maintains a long-standing reputation for its robust financial stability. Over its more than four decades of manufacturing experience, the company has consistently reported steady and growing figures. In the last two years, a period marked by significant downturns and price drops in the photovoltaic sector, DMEGC Solar has outperformed many of its competitors by sustaining respectable profitability. The strength of its financial indicators is evident in the company's consistently high Altman-Z score, which has kept it firmly within the 'safe zone' in recent reports ranking module manufacturers by SINOVOLTAICS. Remarkably, DMEGC Solar has outperformed all competitors from China in the latest rankings.

The upgrade in bankability rating from 'BBB' to 'A' is set to provide DMEGC Solar a competitive edge in securing photovoltaic projects globally, particularly in the European market. This advancement is expected to foster the company's operational growth and expand its shipping achievements. Furthermore, bolstered by its financial viability, DMEGC Solar has been honored as a BloombergNEF Tier 1 PV Module Maker for six consecutive years and has maintained a position among the 'Top Brand PV Modules' according to EUPD Research since 2018.

As DMEGC Solar elevates its industry position with these accomplishments, it continues to demonstrate its commitment to excellence in photovoltaic manufacturing, further solidifying its reputation as a reliable partner in the renewable energy sector. In a world increasingly seeking sustainable energy solutions, DMEGC Solar's achievements signal a promising future, advancing both its growth trajectory and the global shift towards renewable energy sources.