JA Solar partners with Solarif to offer Solar Project Insurance

Shanghai, China - JA Solar announced on Monday that it has partnered with Solar Insurance and Finance ("Solarif"), a global, independent insurance agent focused on insurance for PV installations, to offer JA Solar's module customers solar project insurance. The insurance, provided by Solarif, is underwritten by an A-rated global insurance company.

The insurance can be purchased as a supplement to JA Solar's existing module warranty, and covers expenses arising from or caused by material damage to installations, additional labor costs, call-out charges and loss of electricity production.

Mr. Baofang Jin, executive chairman and chief executive officer of JA Solar, commented, "JA Solar's focus on quality throughout our manufacturing process, combined with our solid financial position, makes us one of the most bankable solar brands in the market. The insurance we are offering with Solarif builds on this foundation, making it easier for customers to manage risks, obtain financing, and ultimately monetize their solar projects."

Rene Moerman, chief strategy officer of Solarif commented, "Our detailed audit of JA Solar's facilities, financial health, and environmental and labor conditions showed that the Company more than meets our standards. We are proud to be partnering with them to offer their customers this innovative insurance solution."

Source: IWR Online, 20 Jan 2014