A Sunova Solar announced the final certification of Safety de photovoltaic warranty to Olos technology Munich Re Green Tech Solutions. The agreement was signed at a signing ceremony at the company's global headquarters in September.
William Sheng, CEO of Sunova Solar, joined Kollsman Chan, regional head of business development at Munich Re, to formalize the partnership.
“This certification is further validation of Sunova as a Tier 1 manufacturer and trusted partner. We are proud to provide this additional security to our customers as they face the world's greatest risk: climate change,” said Sheng.
Munich Re's support provides project owners and developers with the assurance of long-term financial viability of Sunova modules for 25 to 30 years. According to the company, photovoltaic reinsurance is vital to guarantee the bankability and reliability of large-scale solar projects.
The photovoltaic reinsurance certification process involved the Due Diligence technique and several factory visits by Munich Re to validate the quality and performance of Sunova's products.
The manufacturer's quality control program includes three dimensions: system management, personnel training and documentation to guarantee the quality of the equipment.
About Sunova Solar
Sunova Solar, founded in 2016, currently operates three factories in China and Vietnam, with an integrated capacity of 4,2 GW of solar panels and has a further 11 GW of production capacity under construction, expected to come into operation by the end of 2023.
The company has created its own branches or offices in Germany, Brazil, Poland, Netherlands, Spain, Italy, France, Mexico, Vietnam and other countries. Additionally, it has more than 100 industry partners in more than 20 countries and regions around the world.
As of June 2023, they have shipped more than 3,5 GW of cumulative modules worldwide. In addition to modules, Sunova provides photovoltaic storage solutions for residential, small and medium-sized commercial applications.
