Munich Re provides robust insurance coverage for Talesun Photovoltaic.
Release date:
2020-05-14 00:00
Author:
Talesun Photovoltaic Technology Co., Ltd. (hereinafter referred to as Talesun Photovoltaic) is a leading domestic manufacturer of photovoltaic modules. Recently, it officially announced that Munich Reinsurance Company (hereinafter referred to as Munich Re) will provide reinsurance coverage for its photovoltaic module products, including a 12-year quality warranty and power‑output guarantees of 25 years for standard modules and 30 years for double‑glass modules. This endorsement effectively mitigates the financial risks associated with product recalls, enhancing the financing viability and overall competitiveness of the company’s offerings. To qualify for such reinsurance, insured companies must undergo a series of rigorous assessments and inspections.
Talesun Photovoltaic Technology Co., Ltd. (hereinafter referred to as Talesun Photovoltaic) is a leading domestic manufacturer of photovoltaic modules. Recently, the company officially announced that Munich Reinsurance Company (hereinafter referred to as Munich Re) will provide reinsurance coverage for its photovoltaic module products, including a 12-year quality warranty and power‑output guarantees of 25 years for standard modules and 30 years for double‑glass modules. This endorsement effectively mitigates the financial risks associated with product recalls, enhancing the financing viability and overall competitiveness of the company’s offerings.
To qualify for reinsurance, insured companies must undergo a series of rigorous assessments and inspections, including technical risk evaluations of photovoltaic modules, audits of the plant’s quality management system, and reviews of manufacturing processes and product‑specific raw material lists. In addition, Munich Re conducts stringent testing, such as ICE tests that subject products to three times the standard load conditions. These stringent underwriting procedures, combined with Munich Re’s robust financial strength, ensure the financability and profitability of photovoltaic projects, earning the company broad recognition from the vast majority of banks worldwide.
Michael Schrempp, Head of Green Technology Solutions at Munich Re, stated: “We believe Talesun Photovoltaic is a company that pursues high quality and genuinely serves its customers, consistently regarding product quality as its core competitive advantage. Accordingly, we look forward to collaborating with Talesun Photovoltaic in the reinsurance sector.”
Wang Weifeng, Chairman of Talesun Photovoltaic, stated: “This collaboration with Munich Re once again demonstrates that Talesun Photovoltaic’s products, technologies, and service quality have been duly recognized and supported by a reputable authority. At the same time, Munich Re’s services have significantly alleviated customers’ concerns regarding product quality and power degradation, providing both customers and investors with more effective risk‑management solutions. Moving forward, Talesun Photovoltaic will continue to strengthen its partnership with Munich Re, while steadfastly upholding our commitment to quality first and delivering high‑quality, reliable photovoltaic modules along with comprehensive, efficient, and professional customer service.”
Munich Re is one of the world’s leading reinsurers, with a global network spanning more than 150 countries. It maintains stringent factory‑inspection standards within the industry and consistently places quality at the heart of its reinsurance operations.
Recent News
Leave a Message Online
If you have any questions about our products, please contact us promptly—we will be happy to assist you.
Suzhou Talesun Photovoltaic Technology Co., Ltd.
Talesun Photovoltaic, founded in 2009, is a core new-energy enterprise under the C&D Group, a Fortune Global 500 company ranked 112th, and has rapidly grown into a leading player in the global new-energy sector.
© 2026 Suzhou Talesun Photovoltaic Technology Co., Ltd. Website Development:China Enterprise Dynamics Kunshan