Munich Re Solar Warranty Insurance

Munich re s pv warranty insurance is the established market standard.

Munich re solar warranty insurance.

Insurance is seldom sexy but climate change campaigners will raise a glass to munich re if the industry emulates its policy to cap the financial risk related to battery warranties and helps lift. Energy shortfall coverage enhances the credit worthiness of projects and supports more favorable financing terms from lenders resulting in the premium. The insurance covers standard and double glass solar modules manufactured by znshine. Has passed the munich re annual due diligence process.

Has bought insurance capacity for at least 100 mwp per year which is reinsured by munich re. Munich re s global insurance solutions for the renewable energy sector redefine the industry s project bankability and. In the event of the manufacturer s insolvency the policy is seamlessly transferred to the. The warranty partner has bought insurance capacity for at least 100 mwp per year which is reinsured by munich re.

Hsb recognizes the importance of providing customized insurance solutions to the expanding and diversifying energy industry. The warranty partner is entitled to register buyers of pv projects larger than 2 mwp for munich re s warranty insolvency protection. Hsb energy shortfall insurance helps facilitate financing for distributed generation projects by assuming the risk of technological underperformance from the developer financier or investor. Znshine pv tech a tier 1 chinese solar module manufacturer announced the signing of a pv warranty insurance reinsured by munich re one of the world s leading reinsurers the deputy general manager from willistowerswatson joined signing ceremony.

Enables you to take control of the warranty risk of solar and the letter acts as your seal of approval. Znshine s customers will therefore benefit from a greater. Owners developers facility operators and investors are exposed to a broad spectrum of risks which include property equipment breakdown installation casualty marine cargo and special performance risks. Munich july 28 2011 munich re provides the first japanese solar panel warranty insurance to thin film manufacturer solar frontier for installations worldwide.

The warranty risk of solar must be addressed early in the development phase of pv projects as it is not possible to buy warranty insurance later during the operational phase. Munich re issues a warranty partner list with photovoltaic module manufacturers that meet the following criteria. Munich re provides first japanese photovoltaic manufacturer warranty insurance to solar frontier 2011 07 28.