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Solar Frontier gets UniCredit Leasing seal of approval

Solar Frontier has announced today achievement of bankability with UniCredit Leasing, a leading European company for asset-based financing solutions.

After passing various quality tests by Fraunhofer-Institut für Solare Energiesysteme (ISE), Solar Frontier’s thin film CIS modules have been added to UniCredit’s trusted photovoltaic products.

With UniCredit Leasing, Solar Frontier believes it has added further financial resource for funding large-scale projects, enhancing its credibility with project investors. Solar Frontier’s strong bankability also helps to assure installers and plant operators that projects with Solar Frontier modules are technically solid.

“Bankability is a key criterion for PV manufacturers seeking financing from banks and financial institutions for large projects such as power plants, large commercial installations, and the project business in general”, said Wolfgang Lange, Managing Director, Solar Frontier Europe. “Especially in the current market situation, bankability has become a critical factor for the success or failure of a PV company. Although Solar Frontier has already achieved bankability with several renowned banks and financial institutions in Europe, UniCredit Leasing’s trust is an important milestone for our continuous expansion in the worldwide markets.”

In January of this year, The company announced it has formed a JV with the Development Bank of Japan (DBJ) to provide funding for utility-scale solar power plants.
 

 

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