Jolywood Solar recognized with Munich Re guarantee – pv magazine International
This will allow Jolywood to continue to offer enhanced insurance protection which includes 12 year coverage for the materials and workmanship of its products, as well as a 30 year linear performance guarantee.
Munich Re is one of the world’s leading providers of reinsurance, primary insurance and insurance risk solutions. Its global map of services covers more than 150 countries. Munich Re’s strict inspection standards and prestigious reputation in the industry enable it to provide businesses with reliable credit support for product quality assurance and compensation for energy efficiency losses.
As a leader in the industrialization of N-type bifacial technology, Jolywood has excellent quality control and product quality certification systems, and supplies modules to more than 600 customers in more than 50 countries. Jolywood had installed 4.1 GW Type N modules around the world since the end of 2020. And over the past six years, Jolywood has cooperated with Munich Re on multi-billion dollar underwriting services, enabling it to ‘to provide customers with a linear performance guarantee of 30 years and to provide with sure stability and growth.
“We are delighted to have partnered with Jolywood and to support their renewable energy solutions. When a high-quality PV manufacturer and the leading PV warranty insurance provider join forces, it’s a recipe for driving the growth of renewable energy.
energy market, ”said Michael Schrempp, Global Head of Green Technology Solutions at Munich Re.
“A qualified due diligence assessment by Munich Re has enabled Jolywood’s products, technology and service quality to be approved and recognized with authority. This will inspire confidence in Jolywood Solar’s customers – investors and owners of solar farms – in our high standards. At the same time, these customers will benefit from protection against their manufacturer’s insolvency and the underperformance of their panels, which will allow their long-term solar investments to remain secure and profitable for at least 25 years ”, explained Dr. Liu Zhifeng. , vice president of Jolywood, who then said that “Jolywood will be able to supply more high quality modules and contribute to the development of renewable energy around the world. “