#United States #San Jose #Boviet Solar #PV Modules #Tier 1 Manufacturer

Boviet Solar's Continued Excellence in PV Module Manufacturing

Boviet Solar Technology Co. Ltd. remains a prominent player in the solar energy sector, having secured its position as a Tier 1 PV module manufacturer for Q2 2025, according to Bloomberg New Energy Finance (BNEF). This accolade, first achieved in 2017, is a testament to Boviet Solar's unwavering pursuit of excellence in the renewable energy market.

Understanding Tier 1 Status

BNEF employs a rigorous tiering system to determine the bankability of PV module manufacturers. To attain Tier 1 status, a company must prove that its self-manufactured products have been used in at least six distinct solar projects, each financed without recourse from various banks over the past two years. These projects must feature capacities of 5.0 MW or greater and be documented in the BNEF database, complete with accessible details regarding their location, size, developer, financial backers, and module supplier.

Scott Chen, Vice President of Global Sales and Marketing at Boviet Solar, stated, "Achieving and maintaining Tier 1 status is a testament to the trust our partners have in us and the exceptional quality of our product portfolio. It underscores our leadership in providing solutions that consistently deliver reliability and bankability at the highest level."

Commitment to Innovation and Quality

Sienna Cen, the President of Boviet Solar USA, emphasized that this acknowledgment transcends mere recognition. It embodies the team’s dedication and ongoing innovation within the competitive solar industry. As the demand from utility-scale and large commercial applications continues to grow, Boviet Solar remains focused on delivering high-quality products and nurturing robust partnerships.

BNEF's Tier 1 rating serves as a crucial tool for investors, developers, engineering, procurement, and construction firms (EPCs), and asset owners. It provides a reliable assessment of a manufacturer's long-term stability and product dependability, which is vital for informed decision-making on capital investments and project implementations. The Tier 1 designation promotes healthy competition and uplifts industry standards by assisting stakeholders in performance evaluation and risk mitigation.

Global Recognition and Performance

Alongside its Tier 1 recognition, Boviet Solar has been acknowledged as one of the top ten globally bankable PV module manufacturers by Wood Mackenzie and recognized for financial stability by Sinovoltaics. Their PV modules are renowned for exceptional power output, performance, and quality, consistently ranking as top performers on Kiwa PVEL's PV Module Reliability Scorecard since 2019.

Founded in 2013 in Vietnam, Boviet Solar focuses on producing high-performance monocrystalline PV cells and quality Gamma Series™ Monofacial and Vega Series™ Bifacial PV modules for a diverse range of applications, including residential, commercial, industrial, and utility-scale solar setups. The company effectively combines business insight, financial strength, and technical expertise to manufacture high-quality PV modules while ensuring sustainability and complying with international trade standards.

With its global headquarters in Vietnam and manufacturing facilities in both the US and Vietnam, Boviet Solar boasts an annual capacity of 3.0 GW for PV cells and modules, with operations extending into other regional markets like Germany.

For more information about Boviet Solar and its range of products, please visit www.bovietsolar.com.