PowerGuard Specialty Insurance Services says China-based solar manufacturer ZNShine has adopted its PowerClip extended warranty protection program. ZNShine's annual production capacity totals 500 MW.
PowerGuard says its insurance solution provides a 25-year, non-cancelable quality and performance guarantee designed to back up a manufacturer's own warranty terms. The terms survive insolvency and bankruptcy, and third-party rights to the policy in case the original solar manufacturer goes out of business are also offered.
