For the fifth consecutive year, Suntech has cooperated with the both insurance companies since 2014, focused on providing their customers with the best sustainable energy solutions as well as reassurance of product’s performance quality.
According to the high industry standards of international PV module quality assurance, Munich Re and Ping An provide companies with reliable credit support of product quality and energy efficiency loss compensation in the form of “Photovoltaic Module Energy Efficiency Compensation Liability Insurance”, which transfers the risk successfully and satisfies the demand for financing from customers. It enhances customer confidence in Suntech modules and plays a crucial role in expanding the global market.
Munich Re Group is one of the world’s largest insurance company with strict inspection standards in the industry. In 2014, Wuxi Suntech passed the inspection of Munich Re, which proved Suntech's leading position in product, technology and quality in the photovoltaic industry. In the past five years, Suntech's PV modules have been provided by Ping An and Munich Re over RMB 3.7 billion of underwriting services, covering the global sales area, which not only offer the customers with the reassurance of the 25 years’ warranty protection, but also provide investors and customers more additional value with the effective third-party protection.
Over the past 18 years, Suntech’s products have been sold in more than 80 countries and regions around the world and have obtained many industry certifications such as VDE certification and DNV GL reliability test certificate etc. With the high-quality, high-efficiency products and excellent product tracking record, Suntech has won a high market reputation in the photovoltaic industry.
In 2018, Wuxi Suntech has signed module supply agreement with several large international renewable energy companies such as Bester, Voltalia and Enerray S.p.A. etc. The business covers France, Germany, Italy, Mexico, Egypt, India and other countries and regions around the world. In future, Wuxi Suntech will continue to enhance the partnership with Munich Re Group and Ping An Insurance Group to provide customers with high quality products as well as professional financial and insurance services.