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Difference between tier1 and tier2In the business world, Tier1 and Tier2 are often terms used in manufacturing. In the process of manufacturing and selling products, the relationship between OEMs and their Tier manufacturers is critical. Typically, OEMs will aggregate many tiers in the supply chain. Tier2 manufacturers provide products for Tier1 manufacturers. At every step in the manufacturing process, these manufacturers pass very stringent quality tests and must meet government and corporate standards.Why the supply chain?It is very inefficient that the same company is responsible for the production and marketing of all products at the same time, so it is...

The phrase “Tier 1 PV modules” comes up frequently when discussing solar module brands. Solar manufacturers like to range their Tier 1 rankings, and they play a vital role in marketing and selling.  Bloomberg Finance Energy News (BNEF) first introduced its tiered ranking system to help distinguish higher quality solar manufacturers from the hundreds of others in the industry. BNEF ranks module manufacturers as tier 1 if the company provided in-house manufactured panels to six different projects that have been non-recourse financed by six different banks over the past two years. Since non-recourse financing does not allow the lender to pursue...