TÜV Rheinland authorized to assess solar manufacturers according to ESG criteria

Share:

Subscribe for unlimited access to all the latest energy sector news.

Over 150 multisector articles and analyses every week.

For less than €3/week*

*For an annual commitment

*Engagement annuel à seulement 99 € (au lieu de 149 €), offre valable jusqu'au 30/07/2025 minuit.

TÜV Rheinland, a world leader in the field of certification, has been chosen to assess companies in the photovoltaic sector according to the ESG (Environment, Social, Governance) criteria defined by the Solar Stewardship Initiative (SSI). This recognition places TÜV Rheinland at the center of efforts to structure and formalize sustainability…

TÜV Rheinland, a world leader in the field of certification, has been chosen to assess companies in the photovoltaic sector according to the ESG (Environment, Social, Governance) criteria defined by the Solar Stewardship Initiative (SSI).
This recognition places TÜV Rheinland at the center of efforts to structure and formalize sustainability practices within the industry, responding to growing expectations in terms of compliance and social responsibility.
The Solar Stewardship Initiative, an internal industry initiative, developed this ESG standard in response to global demand for greater transparency and ethical business practices in the solar supply chain.
The assessment by TÜV Rheinland covers critical aspects such as corporate governance, business ethics, human rights and environmental impact management, key areas for companies operating in a rapidly expanding sector.

Impact on the solar supply chain

The authorization granted to TÜV Rheinland is a major step forward for manufacturers and suppliers in the sector, who must now demonstrate their compliance with ESG criteria in order to remain competitive.
The framework established by ISS comes at a time when demand for cleaner, more responsible solar energy is growing rapidly.
ISS member companies are required to have their sites assessed within 12 months of joining, accelerating the adoption of best practice across the industry.
By complying with these standards, photovoltaic companies strengthen not only their brand image, but also their position in the global marketplace.
Assessment by TÜV Rheinland, renowned for its expertise and impartiality, lends additional credibility to the results obtained, and ensures that current practices meet the requirements of investors and regulators.

Strategic recognition for TÜV Rheinland

For TÜV Rheinland, this approval reinforces its position as a preferred partner in helping companies to improve governance and responsible management.
The company is thus part of a dynamic to enhance ESG performance, a criterion that has become essential in the evaluation of companies in the energy sector.
This recognition also enables TÜV Rheinland to diversify its portfolio of services and consolidate its role within a constantly evolving industry.
This endorsement underlines the importance of independent assessment in a context where market players need to demonstrate best practice.
TÜV Rheinland’s rigorous approach ensures that assessed companies not only comply with SSI requirements, but also contribute to setting new industry standards, necessary to meet today’s industry challenges.

Photon Energy Group reports quarterly revenue growth driven by solar technology trading, while profitability falls due to a weaker capacity market.
Two photovoltaic projects led by RWE were selected in a federal tender, with commissioning scheduled by the end of 2026, subject to permits.
The public utility Eskom launches a tender to sell long-term solar electricity via PPAs, directly targeting industrial players amid continued pressure on national energy security.
The Norwegian group Scatec strengthens its position in emerging markets with a marked increase in revenue and its portfolio of projects under construction.
The consortium led by Masdar has secured approximately $1.1 billion in financing to build one of the world’s largest solar power plants in Saudi Arabia’s Eastern Province.
The European Bank for Reconstruction and Development is financing the modernization of Enerjisa Enerji’s electricity distribution network in the Toroslar region, affected by the 2023 earthquakes.
Vikram Solar will supply 250 MW of high-efficiency solar modules to the Bondada Group for a project in Maharashtra, with deployment scheduled to begin in fiscal year 2025–2026.
Meta secures its energy supply in South Carolina with a 100-megawatt solar project led by Silicon Ranch and Central Electric Power Cooperative. The site will support the group's future data center in Graniteville.
SolAmerica Energy secures a $100 million revolving credit facility with Deutsche Bank to support its distributed solar assets in the United States.
Diamond Infrastructure Solutions grants Third Pillar Solar exclusive access to its Texas reservoirs to evaluate the potential for 500 MW of floating solar as part of a $700 million investment.
The Jackson County Solar project, valued at 125 megawatts, is expected to generate more than $70 million in direct economic impact for local communities in Michigan.
Empower New Energy commissions a solar power plant in Egypt for L’Oréal, completing a direct investment structured without debt and strengthening its market entry strategy in the African industrial sector.
Looser eligibility rules for U.S. solar tax credits triggered an immediate stock surge, easing investor concerns about potential regulatory tightening.
TCL SunPower Global entrusts the distribution of its solar panels to Energia Italia, thereby consolidating its presence in the Italian market within a context of strategic restructuring.
Weakened by the exclusion of its solar panels from the U.S. market, Maxeon reports a sharp revenue decline and adjusts its financial structure under market pressure.
The Manah-1 solar project in Oman, with a capacity of 500 MW, was delivered by Shanghai Electric and has recorded a stable first month of operation, strengthening industrial and technical cooperation with Électricité de France.
Vanda RE is in talks with potential buyers in Singapore for electricity from a $3 billion solar and storage project in Indonesia’s Riau Islands.
Rezolv Energy won three contracts for difference totalling 731MW in Romania’s second auction, supported by public financing mechanisms for renewable energy.
OX2 has obtained Australian environmental approval to build a solar and storage project in Muswellbrook, on a former coal site in New South Wales, marking a milestone in its industrial strategy in the region.
The International Finance Corporation finances ENGIE Energía Perú to develop solar, wind, and storage projects, with performance indicators targeting efficiency and governance.
Consent Preferences