RELEASE: Xinhua Silk Road: SEG Solar Ranks Among Global Tier 1 Solar Panel Manufacturers


RELEASE: Xinhua Silk Road: SEG Solar Ranks Among Global Tier 1 Solar Panel Manufacturers

HOUSTON, Aug. 24, 2023/PRNewswire/ -- SEG Solar (SEG), a leading US producer of photovoltaic (PV) modules for the utility, commercial and residential markets, ranked on the Tier 1 Global Solar Manufacturers list in the BloombergNEF (BNEF) Market Outlook for the Third Quarter.

SEG was delighted that BNEF had recognized the company's long and successful track record as a trusted and profitable partner for project finance in the solar space. SEG's extensive experience helping developers and project owners with short- and long-term debt and equity financing structures enables it to provide efficient and creative solutions to complex transactions, said Jim Wood, SEG's chief executive officer.

Customers have many options for module supply in today's market, and SEG believes its flexible, results-oriented approach to closing deals separates the company from the rest of the competition. SEG understands its role in the overall development of the project and makes it a priority to cooperate with the owners and financial parties to bring power to the grid as smoothly as possible, Wood added.

BNEF's rating system is known for its rigorous evaluation of various criteria, including product quality, participation in government projects and access to bank financing. SEG is one of the few US manufacturers to have been placed on the Tier 1 list.

SEG prides itself on strict quality control, certifying all its products through third-party evaluations. The company's factory in Houston, Texas is strategically focused on TOPCon's advanced production lines, with plans to tap into the US TOPCon component market. The factory is scheduled to start production in 2024 and will contribute significantly to the SEG localized supply chain integration.

Founded in 2016, SEG is a leading vertically integrated PV manufacturer based in Houston, Texas, USA, dedicated to bringing reliable and cost-effective solar panels to the market. SEG will have more than 5.5 GW of global module production capacity by 2024. By the end of 2022, more than 2 GW of SEG products will have been installed in the US and European markets.

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