Astronergy Extends Partnership with Munich Re

Astronergy has announced it’s extended the contract with Munich Re, the world top reinsurance enterprise, to provide better third party services to the customers. The first cooperation between these two firms can be tracked back to 4 years ago and the renewed contract started from January 1st 2015.

Astronergy guarantees a linear warranty of its crystalline PV modules produced in China and Germany with actual power output of the first year no less than 97% of the nominal power output and with annual decline no more than 0.70% from year 2 to year 25. Through the insurance, additionally financial guarantee underwritten by Munich Re will be provided if the module performance misses what the linear warranty pledges due to defects.

“Astronergy is satisfied with the contract extension which would bring in more confidence to our clients. Tier 1 supplier listed by Bloomberg and the reinsurance service provided by Munich Re mark the high recognition of Astronergy from financial institutes. We will concentrate on the efficiency increasing and quality enhancement.” Astronergy’s Vice President, Dr. Chuan Lu commented.

Source: Astronergy/astronergy.com