Hefei, China, Sept. 16, 2013
Recently, Sungrow Power Supply Co., Ltd., the leading PV inverter manufacturer renews its Commercial General Liability Insurance (CGLI) contract with RSA Group, the famous comprehensive insurance group, in regard of providing security commitment to Sungrow’s PV grid-connected inverters applied worldwide, China market included. It’s the sixth year of continuous cooperation between Sungrow and RSA since 2008 as to this commercial insurance.
Although the global PV industry is temporarily experiencing some ups and downs and many suppliers are fighting for survival, the number of global terminal PV plants is still increasing, especially of Chinese market. On average, a PV plant has a prospective operation life of 20 to 25 years; the plant owner might encounter certain investment risk due to possible power generating system fault or even consequent personal and property losses during those decades.In order to avoiding investment risk for plant owners as far as possible, Sungrow objectively evaluates its products and eliminates their potential malfunctions during normal operation in advance with the help of RSA’s CGLI services, therefore the investors would feel more assured to using Sungrow’s reliable inverters, this is crucial for risk reduction of their investment. And a virtuous cycle was formed which is beneficial to the development for not only the company but also the whole industry.
It’s reported that no claims raised since Sungrow signed the first CGLI contract in 2008; Sungrow won RSA’s trust by its reliable products and great reputation in the PV industry. Meanwhile, on account of the worldwide insurance coverage of RSA, Sungrow provides a far-ranging risk-control mechanism to clients globally, and hence strengthens those power plant investors’ confidence in the company’s PV inverters.
Sungrow Power Supply Co., Ltd., founded in 1997, is a high-tech enterprise engaged in development of power supply equipment for renewable energy, especially PV inverters, other equipment and technology used in PV plants.
Globally, Sungrow employs approx. 1,000 people, of which over 35% are R&D engineers, with offices in Italy, Germany, Canada, Australia, the US, etc.
More information on: www.sungrowpower.com
About RSA Group
RSA Group is one of the world’s leading multinational insurance groups. With 300 years of heritage, RSA (formally known as Royal & Sun Alliance) has the capability to write business in over 140 countries. Focusing primarily on general insurance, it has around 23,000 employees on March, 2012, Standard & Poor’s upgrades RSA rating to “A+”, stable.