NE Solar Achieves BNEF Tier 1 Ranking, Strengthening U.S. Solar Manufacturing with New Phoenix Facility

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[Phoenix, AZ] – [August 23rd 2024] – NE Solar, a rapidly emerging leader in global solar energy manufacturing, today announced it has earned a Bloomberg New Energy Finance (BNEF) Tier 1 ranking. This achievement highlights NE Solar’s financial strength and reliability, solidifying its position among the world’s top solar module manufacturers.

The BNEF Tier 1 status is a key indicator of a solar manufacturer’s bankability and proven track record. NE Solar’s attainment of this status demonstrates its commitment to delivering high- quality, bankable modules for large-scale solar projects. The company’s modules have also been recognized as PVEL Top Performers and selected by leading asset owners, affirming their exceptional performance and durability.

NE Solar’s new state-of-the-art manufacturing facility in Phoenix, Arizona, is expected to create approximately 300 jobs in the region. This expansion not only strengthens NE Solar’s manufacturing capabilities but also contributes to the growth of the U.S. solar industry and the local economy.

“Achieving BNEF Tier 1 status is a significant milestone for NE Solar,” said Alex Mendez, President at New East Solar Energy America. “This recognition highlights our dedication to quality, innovation, and financial stability, and reinforces our position as a trusted partner for solar project developers and investors. With our expanding global footprint, including our new U.S. factory, we are committed to driving the transition to clean energy and empowering communities around the world.”

About NE Solar:

NE Solar is a global manufacturer of solar modules and cells, focused on accelerating the adoption of clean, affordable energy. With manufacturing facilities in Indonesia and the U.S., the company delivers high-performance solar modules that meet the stringent requirements of large-scale projects. NE Solar’s commitment to innovation, quality, and sustainability has established the company as a key player in the global solar industry.

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