Runergy has achieved an important milestone by attaining a B rating in the latest Q4 2023 PV ModuleTech bankability report, marking a significant improvement from its CC rating in Q1.
The PV ModuleTech Bankability Ratings are highly recognized in the PV industry as they rigorously assess companies based on financial and manufacturing metrics. A B rating indicates a manufacturer with a solid track record, financial strength and innovative capabilities, making it a reliable partner in the renewable energy sector.
Throughout 2023, Runergy made strategic advancements and technological breakthroughs. The company reinforced its vertical integration, extending its industrial chain to both upstream and downstream production. By the end of the year, it had a global high-efficiency cell production capacity of more than 60GW, with 11GW of module capacity and 50,000 tons of polysilicon. Runergy also expanded its N-type production capacity and invested in research and development to enhance N-type module efficiency.
The upgraded rating highlights Runergy’s expansion and its potential for long-term success in the renewable energy industry, underlining its status as a major player in the production of green energy.