PV module manufacturer DMEGC Solar has received an ‘A’ rating in the latest PV ModuleTech Bankability Ratings 2024Q4 Report. This recognition is based on its strong financial stability and increasing manufacturing capacity. Last month, the company announced the commissioning of a new 6GW N-Type cell plant, raising its total cell production capacity to 23GW and its annual module production capacity to 21GW. DMEGC Solar has been listed among the top 10 manufacturers in several 2024 module shipment rankings, with cumulative shipments exceeding 50GW. In Wood Mackenzie’s latest Global Solar Module Manufacturers List, the company secured the eighth position.
PV Tech’s Bankability Score is based on a detailed analysis of PV module suppliers’ performance over the past 5 to 10 years. The score is determined mainly by financial strength and manufacturing capability, which includes shipments, production capacity, and technology. The evaluation compares each company’s financial and manufacturing metrics to assess its overall bankability.
DMEGC Solar has built a strong financial foundation over more than 40 years in manufacturing. Even during recent industry-wide price drops and losses, the company maintained stable growth and outperformed most competitors in profitability. Its solid financial health is reflected in its top-ranking Altman-Z score, consistently placing it in the “Safe Zone” of PV Module Manufacturer Ranking Reports by SINOVOLTAICS. In the latest ranking, DMEGC Solar led all Chinese competitors.
Recently, DMEGC Solar’s bankability rating was upgraded from BBB to A, giving it a competitive edge in global PV projects, especially in Europe. This also strengthens its ability to secure financing and expand market share. The company has been a BloombergNEF Tier 1 PV Module Maker for six consecutive years and a Top Brand PV Module by EUPD Research since 2018. This upgrade positions DMEGC Solar as a strong player in the PV market, ensuring steady shipment growth and more opportunities worldwide.
