What is the product?

Munich RE1 provides the solar energy industry with covers designed to protect manufacturers, as well as owners and investors, against the failure or underperformance of photovoltaic panels and other key components of solar parks. As an additional layer of protection, we can also safeguard projects against the scenario that the manufacturer’s warranty cannot be called upon due to insolvency.

How does it support green outcomes?

For many regions in this world, photovoltaics is the most promising technology to decarbonise their electricity supply – or even start exporting their energy surplus.

However, investment horizons for such projects are very long, and the solar technology market has seen its share of insolvencies. Hence, investors require a very high level of long-term reliability and bankability. Covers provided by Munich RE are intended to help the solar industry to meet that requirement.

How does it enable customers today?

Munich RE1 is providing our coverage to several photovoltaics manufacturers in the world.