// CNWATTHUB SOLAR GUIDE
What "Tier 1 Solar Module Maker" Means — and What It Does Not
- Published:
- Updated:
- Sources fact-checked:
- (23 sourced statements)
Short answer. This guide explains one specific, published definition of "Tier 1": the BloombergNEF (BNEF) Tier 1 PV Module Makers list. Other uses of the term are not covered here. The BNEF list is a bankability list: it shows which module brands have recently been used in projects that closed non-recourse bank financing. BNEF itself says the list is not a measure of module quality and should never replace proper due diligence.
This guide explains the criteria as written in BNEF's public methodology dated 4 September 2026, what a Tier 1 label can and cannot tell a buyer, and how to check a supplier's claim.
Key terms
- Bankability — in the BNEF methodology, whether projects using a product have been offered non-recourse debt financing by banks.
- Non-recourse financing — as defined in the BNEF methodology (Section 4.2): financing where the bank has agreed to take the risk of the modules failing and will not be repaid from the developer's or equity holder's balance sheet if the project does not service the debt.
- Own-brand, own-manufacture — the module maker owns the production facilities and sells under its own brand.
The criteria, in plain English
According to the methodology, a manufacturer is Tier 1 when it has supplied own-brand, own-manufactured modules to at least six different projects, financed non-recourse by six different commercial banks — not development banks and not export-import banks — in the past two years.
Further conditions:
| Condition | What the methodology says |
|---|---|
| Project size | Only financings over 10 MW count, applied from 2Q 2025. The threshold was 5 MW before that, and 1.5 MW before 1Q 2024. |
| Supplier's own share | The module maker must itself supply at least 10 MW of modules to the project for it to count; partial supply must be declared with the total project capacity. |
| Portfolio financings | Count only if the total portfolio is 10 MW or more and the module maker supplies at least 10 MW across it; individual projects need defined locations. |
| Public data | Location, capacity, developer, bank and module maker of each deal must be public. |
| Timing | The earlier of financing or commissioning date counts; refinancings of old projects do not. |
| Who is assessed | Only firms that own factories and sell under their own brand; outsourced-brand sellers are not tiered. |
| Distress | Firms in bankruptcy, insolvency protection or default on major obligations are removed until further notice. |
| China and some other markets | Extra evidence is required that deals are non-recourse, because non-recourse lending is not the norm there. |
| Update cycle | Quarterly; usually published in the week after the 18th day of the second month of the quarter. |
Table note: all rows come from BNEF, Tier 1 Solar Module Methodology, 4 September 2026.
What Tier 1 does not tell you
BNEF states that Tier 1 is "purely a measure of industry acceptance" and does not directly account for product quality or the manufacturer's financial strength, adding that there are many documented cases of quality issues or bankruptcy among Tier 1 manufacturers. The list also does not consider product quality information or environmental, social and governance (ESG) criteria.
So a Tier 1 label does not establish:
- that a specific module model, factory or production batch performs as specified;
- that the manufacturer is financially strong;
- anything about ESG or supply-chain compliance.
There is also no official "Tier 2" or "Tier 3": BNEF maintains a Tier 1 list only. If a supplier describes itself as "Tier 2", that label does not come from BNEF.
Tier 1 versus certification
Tier 1 is often confused with product certification. They answer different questions:
| Question | Typical evidence | What it does not prove |
|---|---|---|
| Have banks financed projects using this brand recently? | BNEF Tier 1 list (current quarter) | Product quality, financial strength, ESG |
| Did the module design pass design-qualification tests? | IEC 61215 test report / certificate | Lifetime: IEC 61215-1 says results are not a quantitative lifetime prediction |
| Does the construction meet safety requirements? | IEC 61730-1 (construction) and IEC 61730-2 (testing) | Bankability or long-term field performance |
BNEF recommends that module buyers and banks consult a technical due-diligence firm instead of using the list as a quality measure; such firms typically look at the factory, the bill of materials and may run accelerated degradation tests on samples.
How to check a "Tier 1" claim from a supplier
BNEF says only the latest quarter's list is valid, a company can be removed in any quarter, and press releases or company claims are not evidence that a firm meets the criteria. Only BNEF clients can access the list, and copies circulating online may breach licence terms or be altered. BNEF badges are issued only to listed firms that are BNEF clients and are timestamped by quarter.
A practical checklist (CNWattHub editorial method):
- Which quarter? Ask for the quarter of the listing. A claim without a quarter is not checkable.
- Which entity? First identify the company by the corporate name under which BNEF lists it: BNEF's methodology says the corporate name takes precedence over branding, and the brand is added only where space allows. Then verify, separately and with documents, how that company relates to (a) the brand on your quote, (b) the legal entity that will sign the contract and (c) the manufacturer and factory that will produce your order. These can legitimately be different companies in one group; do not expect the brand to match every entity, but do expect evidence for each relationship (editorial method). The list covers manufacturers that own production facilities and sell under their own brands.
- Who verified it? If you do not subscribe to BNEF, ask your lender or technical adviser to confirm status from the current list rather than relying on a screenshot or press release.
- Separate quality evidence. Request model-level certificates and independent test or factory-audit reports. Tier 1 status does not substitute for them.
Sources
- BloombergNEF, Tier 1 Solar Module Methodology, 4 September 2026 (PDF; SHA-256 d30211a2f41397389b3915be3087d1c83b5709568412e0fcd45737a891235237). The Tier 1 list itself was not read. — https://assets.bnef.com/public/tiering/solarmodules.pdf
- BloombergNEF, Tier 1 reports landing page — https://about.bnef.com/tier-1-reports/
- IEC 61215-1:2021 webstore abstract — https://webstore.iec.ch/en/publication/61345
- IEC 61730-1:2023 webstore abstract — https://webstore.iec.ch/en/publication/59803
Every factual statement above was checked against the listed primary sources (independent review 2026-10-23). Sentences marked “editorial method” are CNWattHub analysis, not sourced facts. No company is named as Tier 1 in this guide.
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