Munich Re To Insure Against Solar Panel Co. Bankruptcies

Law360, New York (January 18, 2012, 5:26 PM EST) -- Munich Re, the world's largest reinsurer, will begin protecting solar farm operators against the risk of their panel suppliers going bankrupt, the company said Wednesday.

Developed jointly with Deutsche Bank AG, the new insurance product found its first customer in a solar park project under development in southern Italy, which is being financed by Deutsche Bank and Rabobank. The new option is meant for solar installations with a capacity over 20 megawatts, Germany-based Munich Re said.

Since 2009, Munich Re has offered insurance for solar module...
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