Info
Info
News Article

Canadian Solar Renews 25-Year Product Warranty Insurance Policy


Canadian Solar Inc. has announced it has completed the annual renewal of its 25-year product warranty insurance policy through April 1, 2013. In 2010 Canadian Solar became one of the first companies in the industry to offer enhanced product and performance warranty backed by an immediately available and non-cancellable insurance policy. 

Canadian Solar's product and performance warranty insurance is underwritten by world leading insurance companies based in North America and Europe with A.M. Best Rating of 'A' VIII or better.  The policy has been active since April 2010 and covers Canadian Solar modules for 25 years following warranty start date. 

The insurance coverage is based on Canadian Solar's standard quality and performance warranty statements, which includes a 10-year product workmanship warranty and a 25-year linear power output performance guarantee.  Canadian Solar's insurers must continue to compensate Canadian Solar's module end users for warranty claims for product quality and/or performance even if Canadian Solar ceases to exist as an independent operating company. This insurance program is non-cancellable by the insurer and provides third-party bankruptcy rights.

Dr. Shawn Qu, the Chairman and Chief Executive Officer of Canadian Solar, commented, 'While we remain extremely confident in the excellency of our product workmanship, offering enhanced warranties has proven to help our customers make their purchase decision, giving them added confidence and peace of mind. Our customers have repeatedly told us the importance of this enhanced warranty insurance in helping their project finance. Given our financial stability and consistent high performance level in even the most difficult environments, we are happy to continue offering customers this significant benefit. 

A.M. Best ratings are provided by A.M. Best Company as the reference of an insurer's financial strength and ability to meet on-going obligations to policyholders. A.M. Best Company is a worldwide insurance-rating and information agency with more than 100 years of history.

Sonnedix Adds 40 MW Of Capacity To Its Portfolio In Chile
Sonnedix Acquires 150MW Utility Scale Project Located In Central Chile
Solar Energy For Water Treatment: IBC SOLAR Helps Water Authority Become More Sustainable
Going Green In Lancashire – Hundreds Of Houses Installed With Solar Panels In Ground-breaking Project
SolarArise Commissions 75 MW Solar Plant In Uttar Pradesh
Greencoat Renewables Announces First Transaction In Nordic Market
SunBrush Mobil And Infinity Establish Service Base At Benban, Africa's Largest Solar Park
International Solar Alliance Special Assembly Elects Dr Ajay Mathur As New Director General
Winch Energy Closes Largest Mini Grid Financing Portfolio To Date
SUNfarming Secures EUR 10 Million In Fresh Money For Poland
Ib Vogt Achieves Financial Close And Start Of Construction Of 116 MWp Solar PV Project In Malaysia
SUNfarming Reaches Financial Close On Project Financing For 26 MWp PV Portfolio In Poland
Q CELLS Solar Modules Keeping The Lights On For Dutch Bulb Grower
Luxcara And GE Renewable To Deliver 753 MW To Sweden With Single Onshore Wind Farm
BayWa R.e. And HeidelbergCement Sign First Solar Corporate PPA In Polish History
US Solar Fund To Acquire Up To 50% Of 200MWDC Mount Signal 2
Analysis Of UK Commercial Roof Space Shows Solar PV Film Can Achieve Net Zero Without Greenfield Sites
Driving Efficiency Through Flexible Solar Power Solutions
AEG Power Solutions Equips The Microgrid Laboratory Emulator Of Paderborn University
The Smarter E South America Postponed To October 18-20, 2021
Sonnedix Brings Chile Closer To Meet Its Renewable Power Targets
Oakapple Renewable Energy Appoint Stuart Gentry To Head Business Development
Leclanché Selected By ENERGODATA To Provide Battery Storage
VivoPower International PLC Announces Completion Of Electrical Works For 39 MWdc Molong Solar Farm

×
Search the news archive

To close this popup you can press escape or click the close icon.
Logo
×
Logo
×
Register - Step 1

You may choose to subscribe to the Solar + Power Magazine, the Solar + Power Newsletter, or both. You may also request additional information if required, before submitting your application.


Please subscribe me to:

 

You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in:
 
X
Info
X
Info
{taasPodcastNotification} Array
Live Event