Greentech Lead Asia: China Sunergy, a solar cell and
module manufacturer, has adopted PowerClip extended warranty insurance solution
for its solar module products from PowerGuard Specialty Insurance Services.
This warranty insurance solution enables China Sunergy to
offer its customers back-to-back coverage on 10-year warranties for defects in
materials and workmanship and a minimum power output warranty over 25 years for
its solar module products sold worldwide.
The PowerClip extended warranty insurance solution
provides certainty and security, and its warranty insurance terms are
non-cancellable. The insurance solutions will survive even in the event of the
insurance holder’s insolvency and bankruptcy.
“We are glad to work with China Sunergy on
implementing the warranty insurance solution from PowerGuard. We will continue
to support the development and success of solar companies like China Sunergy in
the global renewable energy industry with unique, industry-leading products and
services,” said Mike McMullen, managing principal of PowerGuard.
Power Guard specializes in the design and underwriting of
unique insurance and risk management solutions for wind, solar and other
alternative energy companies.
“Adoption of this warranty insurance solution offers
our customers more security and confidence in our products’ reliability and
high performance. This will further strengthen our brand advantage and help
diversify our customer base,” said Stephen Cai, CEO of China Sunergy.