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."