Electrochemical solar container insurance products

What are the risks associated with solar PV?

The scalability, mass production, and falling costs of Solar PV have positioned it as a key element in the renewable energy strategies of many countries. However, solar projects face significant risks, the most critical being exposure to natural catastrophes such as windstorms, hail, floods, and wildfires.

Are solar modules a risk for long-term profitability?

To remain competitive manufacturers need to convince their clients of their products’ long-term reliability. At the same time investors and park owners are often bearing the full risk for module performance jeopardising the overall long-term profitability of their solar investment.

What is solar photovoltaic (PV)?

Solar technology, particularly Solar Photovoltaic (PV), is one of the fastest-growing sectors in renewable energy. Its modularity allows for projects of all sizes, from small rooftop installations to multimillion-dollar, megawatt-scale developments.

Does Munich Re offer PV warranty insurance?

Thank you for your message. Your message has been sent to our PV Warranty insurance team. All manufacturers of PV modules seeking cover have to go through Munich Re’s thorough due diligence process. For the first time, we detail the criteria used in Munich Re’s quality assessment and how manufacturers have performed so far in terms of insurability.

What happens if a PV project is insolvent?

If the manufacturer later becomes insolvent and the modules underperform, Munich Re’s Top-Up Cover will pay compensation directly to the investors with dedicated capacity allocated to an individual PV park. We ensure that your PV project investment is still profitable two decades from now.