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Suntech Insures Performance with Munich Re & Ping An

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Suntech Insures Performance with Munich Re & Ping An

25 year performance warranty backed by world-leading insurers

Wuxi Suntech has announced that their modules are now backed by an industry-leading 25 year performance warranty. The modules’ performance will be insured by Chinese-based insurance company Ping An and reinsured by leading risk carrier Munich Re, providing 25 years’ warranty protection against decrease in performance.

In addition to a recent technical review by UK-based OST Energy declaring Suntech’s polysilicon panels ranked above industry standards, the new insurance policy provides reassurance in the quality and performance of Suntech’s products.

“We have great confidence that our products are of the highest quality and are built to last. Our new insurance policy with Ping An and reinsurance by Munich Re will allow us to continue to honour our products’ performance warranties, while maintaining our strong financial balance sheet.”

- Eric Luo, Suntech CEO

Munich Re is one of the world’s largest reinsurers, with almost 45,000 employees worldwide. Alongside primary insurance from Ping An, which in itself has over 80 million clients, Suntech can assure the long-term performance of their products, whilst maintaining their strong financial footing with the backing of Shunfeng.

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