Goldi Solar ranks as a Tier 1 solar PV manufacturer on the Bloomberg NEF List


Goldi Solar, a leading Indian solar panel manufacturer, EPC provider and independent power producer, has bagged the title of ‘Bankable Tier 1’ solar panel manufacturer by Bloomberg New Energy Finance (BNEF) for Q1, 2020.

BNEF developed its tiering system for PV module makers to create a transparent differentiation between the hundreds of manufacturers of solar modules in the market. The classification is based on bankability, specifically whether projects using a particular brand of solar modules are likely to be offered non-recourse debt financing by non-development banks. Tier 1 module manufacturers are those that have provided products to six different projects, which have received non-recourse financing by six different banks in the past two years. Nevertheless, Goldi Solar has met all the criteria to be on this list of Tier 1 and it is the fourth Indian company listed.

Ishver Dholakiya, Managing Director – Goldi Solar, said, “This is a big win for us and we worked diligently to reach this milestone. We recognize that major PV project developers, EPCs and financers rely on the BNEF report and we believe this announcement will open up a broader section of the market for our high-quality solar modules.”

Bharat Bhut, Director – Goldi Solar, said, “We are delighted today to be included in this list of Tier 1 manufacturers, our panels which have been supplied to the projects have fulfilled BNEF standards. This ‘Tier 1’ title is important to us which will not only attract new opportunities but it will also help us to complete few pending International orders and to penetrate more easily in markets like Europe and US as a major bankable supplier of the solar PV industry and allow us to further contribute more towards sustainability and greener future.”

Goldi Solar has increased its manufacturing capacity to 500 MW and subsequently aims to scale it up to 1 GW in 2020. It is ISO 9001:2015, ISO 14001:2015 and OHSAS 18001:2007 certified.  It is also a leading OEM supplier catering to many international brands in countries like USA, UAE, Turkey, Myanmar, Italy, Greece, Germany, France, Denmark, Croatia and many more by delivering unmatched quality at a competitive price.