ReneSola Ltd., a manufacturer of solar wafers and solar modules, has reached an agreement with PowerGuard Specialty Insurance Services for PowerGuard to provide a range of long-term insurance and warranty-related coverage for the company's solar products.
PowerGuard manages programs specializing in the design and underwriting of unique insurance and risk management solutions for solar and other alternative energy companies.
Under the terms of the agreement, PowerGuard will provide 25 years of complete global coverage for ReneSola products. ReneSola says this service will enable it to structure sales offerings to suit a wide range of risk-management profiles among the markets and clients it serves.
