Munich Re has since 2009 offered policies that cover the gap between the electricity that module manufacturers say their panels will produce, and what the devices actually generate.

In conjunction with Deutsche Bank, it now becomes the first insurer to offer optional coverage for the contingency that the panel producer goes belly-up.

Munich Re’s new policy “covers the risk borne by operators that solar module output may, in the course of time, fall below the level guaranteed by a manufacturer which can no longer be held liable under its warranties due to insolvency”.

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