Tata Power Solar rated ‘Tier I module manufacturer’ by BNEF

Tata Power Solar has announced that it has been rated ‘Tier I module manufacturer’ by Bloomberg New Energy Finance (BNEF). The global tiering system evaluates various PV manufacturing companies globally, every quarter, based on different aspects and their bankability, to identify the top tier companies in the market across the world.

BNEF rates a company as tier 1 on its ability to execute different projects with high efficiency levels and also winning the trust of different banks through its excellence in the past two years, globally.

Speaking about the rating, Ashish Khanna, ED & CEO, Tata Power Solar said, “Our focus on producing high quality modules has carved a niche for ourselves and made us one of the most bankable panel manufacturers in the country and globally. Being rated as a Tier 1 manufacturer is commensurate recognition of our efforts, as multiple banks and investors have great comfort in working with a Tata group company. This rating differentiates globally the companies investing in quality and excellence, in an industry flooded with low cost, low quality products.”

Tata Power Solar has shipped over 840 MW of modules globally, reaching out to more than 30 countries across the world.