China Sunergy Announces Adoption of Warranty Insurance Solution from PowerGuard

On 12th March, 2012, China Sunergy Co., Ltd. announced that the Company has adopted PowerClip extended warranty insurance solution for its solar module products from PowerGuard Specialty Insurance Services. Power Guard is a firm located in California, U.S.A.., which specializes in the design and underwriting of unique insurance and risk management solutions for wind, solar and other alternative energy companies.

With this warranty insurance solution conceived and managed by PowerGuard, China Sunergy offers its customers back-to-back coverage on 10-year warranties for defects in materials and workmanship and a minimum power output warranty over  25 years for substantially all of its solar module products sold worldwide.

The PowerClip extended warranty insurance solution provides certainty and security, and its warranty insurance terms are non-cancellable.  The insurance solutions will survive even in the event of the insurance holder’s insolvency and bankruptcy. After the adoption of this warranty insurance solution, CSUN will offer customers more security and confidence in CSUN products’ reliability and high performance. This will further strengthen CSUN brand advantage and help diversify the customer base.

About PowerGuard Specialty Insurance Services

PowerGuard is a specialty renewable energy program manager specializing in the design and underwriting of unique insurance and risk management solutions for wind, solar and other alternative energy companies.

PowerGuard’s PowerClip warranty product is the most comprehensive contractual liability coverage available to renewable energy manufactures, project developers, power generation operators and the financial institutions who invest in them.

PowerGuard’s PowerWrap Solar Project Guarantee Policy is a simple and straightforward insurance policy with an insurance company holding an AA- rating from Standard & Poor’s. For more information please visit www.powerguardins.com

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