Solar Collapse Means Munich Re Picks Winners for Orders: Energy
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When True Green Capital Management LLC chose a solar panel maker for a rooftop installation in New Jersey, the firm’s biggest concern was whether the manufacturer would survive long enough to guarantee the equipment.
The New York-based private equity fund made its Chinese manufacturer buy insurance to back the 25-year warranty on its panels to close the contract. If the supplier went bust, PowerGuard Specialty Insurance Services of California would ensure the panels installed performed as promised.