energy has gained traction over the years due to growing environmental concerns
in the Philippines. In fact, a 2020 study by the Institute for Energy Economics
and Financial Analysis (IEEFA) stated that solar and wind energy could increase
its share in the country’s supply mix from 5.4% to 43.8% - exceeding the
government’s projection of 26.9% by 2030. Solar energy, in particular, has
become the fastest-growing alternative to traditional fossil fuels.
it comes to solar power modules however, one manufacturer stands ahead of the
pack. According to PV-Tech and Solar Media Research’s recently released 2021-Q1
PV ModuleTech Bankability Quarterly Ratings Report, LONGi Solar maintains
its position as the sole manufacturer in the top-tier position, continuing to
be the only AAA-rated company among module manufacturers, the highest grade
headquartered in Xi’an, China, focuses on manufacturing PV products and
providing solar power technology solutions. Its product offerings range from
wafers, cells, modules and PV solar power equipment to solar power systems. It
is the exclusive module supplier of the 232MW integrated wind and solar power
plant in Ilocos Norte, the largest in the Philippines.
Comparing with other
A-Grade competitors, LONGi Solar is in positive territory in almost all key metrics.
In R&D expenditure, LONGi significantly leads the PV industry in R&D investment
in the past few years, becoming the key factor in the whole industry moving
from multi to mono as the dominant technology.
With the Philippine
government shifting to clean energy resources and green technologies, interest
in renewable energy from the private sector will also continue to increase. And
LONGi is arguably the most important manufacturing entity in the solar power
space, being the largest PV wafer supplier with a massive 60-GW-plus mono
capacity in China. LONGi’s guidance for its 2020 module shipments is above
20GW. Through vertical integration from wafer to cell to module production (all
mono), LONGi has achieved recognition as the largest global PV module supplier
In the Module Supplier Hierarchy, the number of module
suppliers having A or B Grade rating is further decreasing. Seven companies
have A Grades (AAA, AA, A), while three falls into B Grade (BBB, BB and B).