SolarSpace Announces Long-Term Partnership with PAIC & Ariel Re

• Solar maker SolarSpace has announced a long-lasting alliance with the insurance provider, PAIC (Ping An Insurance (Group) Company of China Ltd.) as well as Ariel Re of Lloyd's of London, a reinsurer establishment, will provide 25-30 years of power loss payment obligation insurance solution for the module products of SolarSpace.

Solar manufacturer SolarSpace has actually announced a lasting alliance with the insurance company, PAIC (Ping An Insurance (Group) Company of China Ltd.) and Ariel Re of Lloyd's of London, a reinsurer institution, will certainly provide 25-30 years of power loss settlement responsibility insurance solution for the module items of SolarSpace.

Representative from Lloyd's expressed, "SolarSpace's high-efficiency PV module items have actually gone through rigorous underwriting process of PAIC Insurance as well as the Ariel Re of Lloyd's London. Our team believe this cooperation could not only enhance the confidence of customers regarding the quality and also attenuation of PV items, yet likewise reinforce the financing capability as well as risk resistance capability of PV project."

"Due to the concreted efforts of all the employees, SolarSpace could have the opportunity to cooperate with PAIC and also Lloyd's. The cooperation indicates that the high quality and efficiency of our items have actually been highly recognized. Moreover, SolarSpace will place more emphasis on offering reputable and reliable solar items and options to clients. According to the agreement with PAIC and Lloyd's, the dedication to providing our valued consumers with exceptional security could be attained," Said James Hu, Vice President of SolarSpace.

Currently, SolarSpace has achieved 35 GW cell capacity and 6 GW module capacity. The goal of 60 GW cell capacity and 6 GW module capacity could be gotten to by the end of 2023. It can be presumed that the competitiveness and market occupancy of SolarSpace could be boosted considerably by the influence of the new insurance agreement.