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Exclusively Powered by Easy Insurance Solutions. Solar Insurance & Finance (” Solarif ”). Dutch based insurance provider Insured by HDI-Gerling Insurances N.V. A+ rated by Standard and Poor’s Complete focus on Solar PV Insured more than > 1.5 GW in 21 countries

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  1. Exclusively Powered by Easy Insurance Solutions

  2. Solar Insurance & Finance (”Solarif”) • Dutch based insurance provider • Insured by HDI-Gerling Insurances N.V. • A+ rated by Standard and Poor’s • Complete focus on Solar PV • Insured more than > 1.5 GW in 21 countries • Present in China, Ukraine, Italy, Belgium, Germany, Portugal, Bulgaria, Romania, Greece, Turkey, UK, South Africa, Norway, Netherlands, India and Romania Insurances from cradle to cradle without gaps

  3. Coverage during the construction phase • Material Damages (own personel, by 3rd parties) • Theft (for instance cables) • Natural Disasters (hail, snowload,flooding,earthquakes etc) Insurance Solutions and advice ? • Full All Risk insurance cover (primary cover) • Focus on security (fence, overclimb protection, CCTV, motion sensors) • Liability coverage (also that of EPC and security company) • Financial compensation in case of construction delays

  4. Coverage during the operational phase • Material Damages (own personel, 3rd parties) • Theft • Natural Disasters (hail, snowload,flooding,earthquakesetc) • Inherent Defect of panels and invertors • Conflict with the manufactorer over product warranties • Conflict with manufactorer over module performance warranties • Bankruptcy of the module manufactorer (e.g. Suntech)

  5. Risks during operational phase Insurance Solutions and advice ? • Full All Risk cover (primary cover) • Natural disaster cover • Maximized deductibles (e.g 5% min 1000 EURO – max 2500 EURO) • Constant focus and advice on security measures taken • Make sure the O&M and Security provider has a liability insurance • Insuring the warranty of the manufacturer on project level in case of bankruptcy • Insuring the warranty in case the manufacturer refutes the claim or does not wish to assume liability • Insuring the performance warranty of panels on project level • Insuring inherent defect (20 years panels, 7,5 years invertors)

  6. Loss of Production Risk • Material Damages = Loss of Production = Cash Flow loss • Solution • Peak Hour Rate Compensation (fixed), no financials needed • 2,5 EURO Kwp/day during April-October • 1,5 EURO Kwp/day during October-April • 4 or 7 waiting days deductible • Total maximum compensation 730.000 EURO per MW installed/year • Also compensation for • Manpower cost • Installation and transportation costs • Transportation of modules to the nearest recycling point • All other costs that are related to the damage

  7. Whatto keep in mind? • Do never only insure on an ”all risk basis” • Make sure you also insure financial risks as loss of production, bankruptcy of or conflict with the manufacturer or inherent defects of the materials • Choose an insurance partner with a track record and expertise • Watch out for uncapped deductibles • Be aware of claim damage procedures (local or international!)

  8. Solar Insurance & Finance (”Solarif”)powered by Easy Insurance Solutions For more information please contact: Bogdan Orescovici, CEO Bogdan.orescovici@easy.com.ro 0722.653.681 Stefan Willems, Executive Business Consultant (Green Energy Insurances) Stefan.willems@easy.com.ro 0735.88.76.77 http://www.solarif.com http://www.easy.com.ro

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