Astronergy Named as Top Performer by DNV GL

HANGZHOU, China, June 19, 2017 /PRNewswire/ --  DNV GL released the latest PV Module Reliability Scorecard Report 2017 and named Astronergy/Chint Solar among the top performers.

DNV GL developed the Product Qualification Program to provide PV equipment buyers and PV power plant investors with independent and consistent reliability and performance data to help implement an effective supplier management process. It has evolved with time to take into account new insights in understanding degradation mechanisms.

DNV GL's test covered the total production cycle and full list of materials. DNV GL strictly inspected all cells and bill of materials (BOM) on-site before mass production and conducted inspection on the manufacturing process. After the production, DNV GL randomly selected Astronergy PV modules and BOM from the production lines which are representative of actual commercial production and shipped them back to labs. The reliability tests consisted of Thermal Cycling, Damp Heat, Ultraviolet Light Exposure, Dynamic Mechanical Load, Potential Induced Degradation and Hot Spot tests. Astronergy PV modules achieved excellent results in all of the tests.

In the past 3 years, DNV GL has executed more than 75 PV Module Product Qualification Programs with more than 40 module manufacturers. Nine of the top ten global module manufacturers and more than 70% of the latest Bloomberg New Energy Finance (BNEF) "Tier 1" manufacturers have taken part in the PQP.

GNV DL provides classification, technical assurance, software and independent expert advisory services to the maritime, oil & gas and energy industries. The Company continuously invests in research and collaborative innovation to provide customers and society with operational and technological foresight. Operating in more than 100 countries, it is dedicated to helping customers make the world safer, smarter and greener.

"Astronergy is always committed to high quality and reliability products. The great 3^rd party test result reflects our daily efforts in delivering excellent products and value to our customers. Astronergy is the right partner for its clients," said Dr. Chuan Lu, CEO of Astronergy.

About Astronergy

Astronergy was established in 2006 and is specialized in crystalline silicon solar modules manufacturing and utility scale project development, financing, construction and operations & maintenance with more than 4000 employees all over the world. After 10 years stable growth, we now have 4 domestic manufacturing bases, and overseas factories located in Germany (acquired from Conergy in 2014), and Thailand. Our factory production capacity is 1.2 GW for crystalline silicon cells and 2.5GW for solar modules. Bloomberg lists Astronergy as Tier 1 solar module supplier for consecutive years. Photon consulting ranked Astronergy as NO.1 player in the PV triathlon report. Astronergy's technology leadership, financial health, downstream diversity and risk management got wide recognition from advisors, financial institutions and banks. In 2016, the reverse merge with Chint Electrics, a listed company in Shanghai Stock Exchange, strengthened Astronergy's financial position, allowing it to pursue new markets in module distribution and deploy further capital in its downstream business in the near future.

For more information contact:

Wanshu Hu
Manager
Marketing Department
+86-571-5603-2110
[email protected]

SOURCE Astronergy