Solar Bankability Services

Solar photovoltaic (PV) modules are a long-term investment. Manufacturers often claim their products are built to last, with many offering warranties of up to 25 years or longer.

Some PV equipment buyers may incorrectly assume that module reliability is consistent from manufacturer to manufacturer. However, lab data proves that modules composed of different materials behave differently, especially after accelerated testing. During the procurement process, developers and financiers want to know whether the products they invest in will hold up over time.

Bankability Reports

Bankability reports can help downstream buyers to assess whether they are investing in the right products for their unique project requirements. Bankability in solar means that financiers are willing to invest in a specified technology because data has indicated the long-term quality and durability of the solar module and the trustworthiness of the manufacturer.

As experts in extended reliability and performance testing for solar PV technology, we go beyond certification requirements to offer downstream solar buyers the vital performance testing and field data needed to mitigate risk and optimize project performance and economics.

Next to being one of the most important sustainable energy solutions, solar energy offers great business opportunities. Kiwa helps solar manufacturers to increase the quality of products and investors decrease and mitigate risks to improve their return on investment.

PVUSA is one of the first solar plants built in North America, and currently serves as the home of grid-connected, research-grade outdoor testbed operated by PV Evolutions Labs (PVEL), a member of the Kiwa Group.

Kiwa Group member PVEL, short for PV Evolution Labs, has made it its mission ‘to support the worldwide PV buyer community by generating data that accelerates adoption of solar technology’. The recently published 2023 PV Module Reliability Scorecard is one more example of how PVEL is delivering on that mission.