Saatvik Monocrystalline Half cut modules insured with Munich Re
Saatvik Solar announces the cooperation with Munich RE for Mono Perc Half Cut MBB technology modules (530Wp+). This will cover Saatvik’s PV modules to high-performance standards for the power output warranty period. It lowers the warranty risk of solar means to increase bankability and sustainability for the PV module.
Saatvik is the first one in the category (530 Wp + modules) covering Third Party Insurance in India. With quality ranking high on the list of concerns in a market with strong demand and a countless number of suppliers, this arrangement represents a significant level of confidence in Saatvik solar modules, setting the enterprise apart in a rapidly growing market.
Mr. Prashant Mathur – Chief Executive Officer (CEO) – Saatvik Solar said “Our cooperation with Munich Re has no doubt been a step in the right direction for Saatvik, as we build a stronger relationship. Meanwhile, the backup by Munich Re will also assure customers about product quality and efficiency attenuation, thus providing better risk management and control tools for owners and investors with our customers through value-added on our products.”
About Saatvik Green Energy P Ltd
Saatvik Solar is the leading Indian PV Module Manufacturer with a 1 GW annual production capacity in Ambala, Haryana, and delivered more than 1 GW modules across India. Saatvik is expanding its capacity to 3 GW by 2023 with the new plan set up in Gandhidham (Gujarat).
In terms of the Product roadmap, Saatvik offers Poly Modules /MONOPERC module /Half cut MBB -530 Wp and above Modules with M10 Cell technology.
About Munich Re
Munich Re insurance is one of the leading reinsurers of the world and the company is based in Munich, Germany. Munich Re stands for exceptional solution-based expertise, consistent risk management, financial stability, and client proximity. Munich Re is one of the top providers of reinsurance, primary insurance, and insurance-related risk solutions worldwide.