FRANKFURT, Germany,
April 25, 2015 /PRNewswire/ --
Solar photovoltaic (PV) projects worldwide must demonstrate a
high level of quality and performance that can be relied on by
investors, commercial banks and insurance companies. To meet this
demand, Allianz Climate Solutions, the Fraunhofer Institute for
Solar Energy Systems (ISE), and the VDE Testing and Certification
Institute (VDE Institute) have entered into a partnership to offer
integrated financial and technical services for PV power plants to
support PV projects with the achievement of "investability",
"bankability" and "insurability".
The integrated service incorporates a comprehensive project risk
assessment and complete certification for the entire PV system. The
risk assessment covers project risks during the construction and
operational phase. For instance, technical risks of components,
financial risks related to the financing structure, key project
contracts and risks resulting from the regulatory environment are
analyzed. The PV system certification process includes over 300
technical pass/fail criteria that cover the entire project
development cycle from design to execution and start of operation.
The certification process takes a holistic view of all stakeholder
requirements, which also allows the quality assurance process of
the project to be streamlined from a cost and effort
perspective.
Through this combination, the integrated service for PV projects
ensures that risks are well documented and that the safety,
performance and quality of the PV system are validated. "This
integrated service helps lower the risk and provides a clear
decision framework for banks and investors when determining the
quality of a PV project. Through our partnership with the VDE
Institute and Fraunhofer ISE, we join forces and build upon our
vast experience in the PV markets in Germany, Europe and globally," said Karsten Loeffler, Managing Director, Allianz
Climate Solutions.
"For the first time, project developers now have access to a
clearly structured and well-defined integrated service that
comprehensively covers the myriad of financial and technical
aspects of a project that must be taken into consideration. This
reassures investors and financiers that the PV project can provide
the expected returns," added Prof. Eicke
Weber, Director of the Fraunhofer Institute for Solar Energy
Systems.
"We look forward to supporting the project development industry
in established and emerging PV markets with this joint service.
Through this partnership, we hope to continuously improve the
quality and user experience of solar systems globally," concluded
Michael Jungnitsch, Managing
Director of the VDE Institute.
About Allianz Climate Solutions:
Allianz Climate Solutions (ACS) serves as the center of
competence for climate change with a focus on renewable energies.
ACS offers insurance services and advisory services on financing
issues for renewable energy projects to both external clients and
Allianz entities. ACS acts as a broker for insurance solutions for
renewable energy technologies, an advisor, evaluator and supporter
for renewable energy projects, a developer of strategies and
climate-related products, as well as an advisor on all topics
related to climate change, and an incubator for Allianz initiatives
and projects related to climate change
Contact for service inquiries: Mr. Matthias Jäger, Matthias.Jaeger1@allianz.com
Contact for press-related matters: Ms. Henriette Schweizerhof,
Henriette.Schweizerhof@allianz.com
About Fraunhofer ISE:
With a staff of 1280, the Fraunhofer Institute for Solar Energy
Systems ISE in Freiburg, Germany
is the largest solar energy research institute in Europe. Fraunhofer ISE is committed to
promoting sustainable, economic, safe and socially just energy
supply systems based on renewable energies. Its research provides
the technological foundations for supplying energy efficiently and
on an environmentally sound basis in industrialized, threshold and
developing countries throughout the world. Focusing on energy
efficiency, energy conversion, energy distribution and energy
storage, the Institute develops materials, components, systems and
processes in twelve business areas and offers accredited testing
facilities and other expert lab services to clients. The Institute
is a member of the Fraunhofer-Gesellschaft, Europe's largest application-oriented research
organization. For more information, visit us at
http://www.ise.fraunhofer.de
Contact for service inquiries: Mr. Klaus
Kiefer, klaus.kiefer@ise.fraunhofer.de
Contact for press-related matters: Ms. Karin Schneider,
karin.schneider@ise.fraunhofer.de
About VDE Institute:
The VDE Testing and Certification Institute is a significant
part of the VDE Association for Electrical, Electronic and
Information Technology, which is one of the largest technical and
scientific associations in Europe
with more than 36,000 members. The VDE Institute is an independent
institution which is responsible for testing and certifying the
safety and performance of electronic devices, components and
systems for the consumer and the general public using the highest
standards of quality. Cooperation agreements in more than 50
countries ensure that the inspections of the VDE Institute are
internationally recognized. Millions of electrical products
worldwide carry VDE certification marks. http://www.vde.com
Contact for service inquiries: Mr. Jonas
Brückner, jonas.brueckner@vde.com
Contact for press-related matters: Fr. Melanie Unseld, melanie.unseld@vde.com