Munich Re Solar Warranty Insurance

The first customer for the new insurance product is the us battery manufacturer ess inc.

Munich re solar warranty insurance.

Munich re s pv warranty insurance is the established market standard. Reliable pv warranty insurance a key feature of bankable pv modules the warranty risk of solar. 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. The insurance covers standard and double glass solar modules manufactured by znshine.

Ess produces stationary battery modules that allow energy from solar parks and network operators to be stored over long periods. Has passed the munich re annual due diligence process. The warranty partner has bought insurance capacity for at least 100 mwp per year which is reinsured by munich re. Hsb energy shortfall insurance helps facilitate financing for distributed generation projects by assuming the risk of technological underperformance from the developer financier or investor.

Summary of pv module warranty insurance three approaches to support pv bankability munich re green tech solutions october 11 2018. Munich re green tech solutions october 11 2018 2. Has bought insurance capacity for at least 100 mwp per year which is reinsured by munich re. Znshine s customers will therefore benefit from a greater.

Energy shortfall coverage enhances the credit worthiness of projects and supports more favorable financing terms from lenders resulting in the premium. Solar module supplier pv module warranty equity pv corporate cover balance sheet protection. 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. Decisions taken by.

The warranty partner is entitled to register buyers of pv projects larger than 2 mwp for munich re s warranty insolvency protection. In the event of the manufacturer s insolvency the policy is seamlessly transferred to the. 107 80802 munich germany.