Thornova Solar is delighted to announce that is has achieved B ranking in the Q4 2024 PV Tech Bankability report. This development further underlines Thornova Solar’s ongoing and successful efforts to take a financially healthy approach to growth making it a trustworthy partner to its customers and their investors alike.

Wuxi, 30^th Jan 2025 – The PV bankability report stresses Thornova Solar’s strong track-record in overseas module shipments outside of China as more markets open up and highlights its successful operation of its South East Asian manufacturing sites, particularly the quick and effective commissioning of its Indonesian factory in the fourth quarter of 2024.

The report further recognizes Thornova Solar’s balanced approach to shipment growth and profitability, stating that the company will be able to weather the 2024 ‘downturn’, adding that its Indonesia based production allows Thornova Solar to benefit from the window of opportunity of shipments from that location to the US into most of 2026.

“This recognition by PV Tech is a testimony to our continuous efforts to keep growing in a sustainable manner and providing top quality, highly efficient solar panels to our customers. Thanks goes to our incredible team, the trust of our partners, and the constant confidence of our customers. Together, we’re building a brighter and more sustainable future.” Comments Andrea Bodenhagen, Global Branding Director of Thornova Solar on achieving B rating in the latest PV Tech Bankability report.

For further information, please contact

Andrea Bodenhagen

Global Branding Director

Thornova Solar

Mob.: +49-1590-1621062

Andrea.bodenhagen@thornovasolar.com

www.ThornovaSolar.com