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DMEGC Solar Achieves Prestigious 'A' Rating in PV ModuleTech Bankability Ratings

DMEGC Solar, a leading manufacturer of photovoltaic modules, has recently been awarded an 'A' rating in the latest PV ModuleTech Bankability Ratings for the fourth quarter of 2024. This recognition underscores the company's robust financial stability and expanding production capabilities, greeting industry players and stakeholders with optimism regarding its future efforts and market position.

The achievement of the 'A' rating is a result of diligent efforts by DMEGC Solar to enhance its operational efficiency. The company's investment in a new N-type cell factory, capable of producing 6 GW, has brought its total cell production capacity to a remarkable 23 GW, while its annual module production capacity reaches 21 GW. Consequently, DMEGC Solar finds itself within the ranks of the top ten manufacturers for module deliveries in 2024, with cumulative shipments exceeding 50 GW, marking a notable rise in its prominence in the industry. Additionally, a report by Wood Mackenzie lists DMEGC Solar as the eighth global solar module manufacturer, further validating its standing in an increasingly competitive marketplace.

At the core of the PV ModuleTech bankability score are thorough statistical analyses that delve into data collected from photovoltaic module suppliers across the last 5 to 10 years. The main determinants influencing this score are the financial condition of the company and its production capabilities, which encompass aspects such as shipments, capacity, and technological advancements. By scrutinizing various financial and industry parameters, the analysis provides a comprehensive outlook on each company's strengths and weaknesses, leading to the evaluation of their bankability.

DMEGC Solar has consistently showcased a solid financial standing throughout its more than four-decade history as a manufacturer. In recent years, despite facing industry challenges marked by plunging prices and widespread losses, the company has managed to outshine many competitors while maintaining respectable profitability. This financial resilience is mirrored in its Altman-Z score, placing it firmly in the