Navitas and Ariel Green establish cooperation on long-term solar PV modules

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Navitas and Ariel Green establish cooperation on long-term solar PV modules

Navitas and Ariel Green establish cooperation on long-term solar PV modules

Industry News
Nov 06,24

This collaboration enforces Navitas commitment to delivering solar PV modules with enhanced long-term financial appeal for PV projects.

Navitas and Ariel Green establish cooperation on long-term solar PV modules

Navitas, a leading local solar PV module manufacturer, has engaged in a strategic partnership with Ariel Green, the clean energy division of Ariel Re, Lloyd’s of London underwriters and a prominent provider of technology performance insurance globally. This collaboration enforces Navitas commitment to delivering solar PV modules with enhanced long-term financial appeal for PV projects.

Vineet Mittal, Founder & Director, Navitas, commented,” Navitas strives to support all its customers with long term reliability and comfort of performance backed by high quality insurance products.”

Howden served as the insurance consultant for Navitas and Ariel Green throughout the engagement, leveraging on its comprehensive expertise of risk management. Howden's extensive knowledge of photo-voltaic warranty insurance facilitated the seamless completion of this collaboration, ensuring that both parties were well-protected and confident in navigating the industry's complexity.

Burzin Umrigar, Head- Renewable Energy, Howden commented “PV warranty insurance gives a solid platform to domestic panel manufacturers to compete with the best in the industry as it’s a badge of process quality and superior product.”

Kit Chu, Lead Solar Underwriter, Ariel Green, commented, “We are pleased to qualify Navitas and committed to this long-term cooperation with Navitas, contributing to the success story of the solar energy mission in India. The (re)insurance offers coverage to the warranty of solar PV modules produced by Navitas for up to 12 years in product warranty and up to 25 years (or 30 years depending on module type) in power warranty.