in News Departments > FYI
print the content item

Yingli Green Energy has signed a module performance warranty insurance agreement with one of Munich Re's specialty primary insurers.

Under the terms of the agreement, Yingli Green Energy and Munich Re will provide additional economic security for large-scale commercial and utility project developers, investors and debt providers. The agreement will cover Yingli Green Energy's multicrystalline modules sold from October 1, 2012 to September 30, 2013.

In the event of an unexpectedly large performance loss below guaranteed performance specification, Munich Re indemnifies Yingli Green Energy for its performance warranty obligations, the companies explain. The agreement covers the 10-year and the 25-year warranties on all multicrystalline Yingli Solar modules, guaranteeing that within 10 years, multicrystalline Yingli Solar modules exhibit a power output of no less than 91.2% of the nominal power output specified on the module's original product label.

Furthermore, it covers multicrystalline modules within 25 years exhibiting a power output of no less than 80.7% of the nominal power output as specified on its original product label.



Hybrid Energy Innovations 2015

Surrette_id1409
Latest Top Stories

Solar Helps Sunrise Powerlink Reach 1 GW Transmission Milestone

The $1.9 billion transmission infrastructure project is key to the success of the solar and wind power projects in California's Imperial Valley.


New York Raises Solar Net-Metering Caps As Part Of An Energy Initiative

Gov. Andrew Cuomo announced five significant steps to help improve New York's grid, develop more localized access to energy and encourage new business models.


Co-op Solar Procurement: Exciting Opportunity Or Grounds For Turf War?

Despite promising growth in the utility sector, further procurement of solar on utility co-op systems could be stalled.


Colorado PUC Rejects Xcel Energy's Solar*Connect Subscription Program

Citing a lack of demand and concerns over pricing, Colorado regulators wasted little time in dismissing the utility's community solar proposal.


NextEra To Purchase Majority Stake In Hawaiian Electric In $4.3 Billion Deal

If approved by shareholders and regulators, the merger of NextEra and Hawaiian Electric Industries will produce one of North America's largest renewable energy companies.

Maynards_id1471
Hybrid Energy Innovations 2015