The agreement covers the length of the 25-year warranty on the solar panels, guaranteeing a rated power output of greater than 90% for the first 10 years, and a rated power output of greater than 80% for the remaining 15 years. Additional efficiency losses qualify for compensation.
"We are pleased to have Astronergy as one of our new clients. The coverage is an additional element in Astronergy's risk management and thus enhances Astronergy's position in a highly competitive marketplace," said Jan Napiorkowski, risk analyst at Munich Re responsible for Asian renewable energy markets.
"We see this also as a positive step for the solar industry in the establishment of long term security for banks and investors."
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.