Sunova Solar Completes Final Certification with Munich Re
The backing of Munich Re provides project owners and developers the assurance of long-term bankability of Sunova Solar solar modules for 25-30 years.
Wuxi, September 28, 2023 .- Sunova Solar is proud to announce the final certification of photovoltaic warranty insurance with Munich Re Green Tech Solutions, the leading PV Warranty Insurance provider.
In a signing ceremony at the company’s global Sunova headquarters on September 26th, William Sheng, Sunova Solar CEO, joined Kollsman Chan, regional head of business development of Munich Re Green Tech Solutions, to formalize the agreement.
“This certification is one more validation of Sunova Solar as a Tier One manufacturer and a reliable partner worldwide,” said Mr. Sheng. “We are proud to ensure this additional security for our customers as they tackle the world’s greatest risk: climate change.”
The backing of Munich Re provides project owners and developers the assurance of long-term bankability of Sunova Solar solar modules for 25-30 years. PV reinsurance is vital for ensuring the bankability and reliability of large-scale solar projects.
The PV reinsurance certification process involved technical due diligence and multiple factory site visits by Munich Re to validate the quality and performance of Sunova Solar products. Sunova Solar’s quality control program includes three dimensions: system management, personnel training, and documentation to ensure the quality of our products.