Sunova Solar has announced final certification of warranty insurance with Munich Re Green Tech Solutions. In a signing ceremony at the company’s global headquarters, CEO William Sheng joined Kollsman Chan, regional head of business development at Munich Re, to formalize the agreement.
“This certification is another validation of Sunova Solar as a Tier One manufacturer and a reliable partner and we are delighted to be able to provide our customers with this additional level of security,” commented Sheng.
The backing of Munich Re provides project owners and developers with assurance of the long-term bankability of Sunova modules for 25-30 years.
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’s products. The company’s quality control program includes three dimensions: system management, personnel training and documentation to ensure the quality of its products.