Lightway opened their U.S. office in Iselin, New Jersey during the end of 2010 and has captured significant market share through the implementation of aggressive strategies that include the development of a bankable product, technological innovation, and a variety of financial solutions for their downstream customers. During Q4 2011, Lightway executed over 100 MW of Supply Agreements to be delivered throughout the U.S. market during the period of 2012.

Wei Qiang, CEO of Lightway Green New Energy, said, “The future success of Lightway will depend on our ability to develop long term relationships with project developers that have the capability to excel in a market that is dominated by third party financing. We are confident that G&S Solar has an investment strategy that allows them to remain financially aggressive and we are pleased to begin this new partnership that will solidify our eastern seaboard footprint.”

Gregg Wasser, Owner of G&S Solar, said, “In today’s economic environment, it was essential for G&S Solar to find a module supplier that not only met our criteria of bankability, quality and financial strength, but was also willing to become a true long term financing partner. We feel that our partnership with Lightway is a critical component of our growth strategy as we evolve into a new era of the solar industry.”

About Lightway Green New Energy Co., Ltd.:
Lightway Green New Energy is world class, vertically integrated solar panel manufacturer with 400 MW of balanced, production capacity that incorporates ingot, wafer, cell and module manufacturing. The manufacturing plant is located in a futuristic Science & Technology Park based in Gaobeidian, China that spans 2.3M square feet and is the home to over 5,000 employees. With a strong financial portfolio and the support of their strategic partnerships, Lightway will continue to expand and plans to reach 600 MW in 2013 and 1500 MW in 2014. One of the strategic markets for Lightway is the development of the U.S. region through their subsidiary, Lightway Solar America, Inc. which has a sales office in New Jersey and warehouses on both the east and west coast. For more information, go to http://www.lightwaysolarusa.com .

About G&S Solar:
G&S Solar is a PV developer and has constructed over 30MW of project since inception. G&S Solar is an affiliate of G&S Investors, which develops, leases and manages income-producing properties in the tri-state area. Founded in 1982, G&S is known in the industry for its creativity in solving development problems, particularly in sites deemed unworkable due to physical, economic and political complexities and for achieving the highest possible return on its investment. The company’s success is based upon identifying opportunities and applying solid economic forecasting, with sensitivity to political realities and retail trends. G&S has successfully executed every project it has initiated. This record has been achieved by fostering close and flexible relationships with financial institutions, local government and community groups involved in every project. For more information, please go to http://www.gssolarinstallers.com .

News Source: Lightway Solar America, Inc. :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at: http://Send2PressNewswire.com .

China Sunergy manufactures and delivers high performance solar cell and module products globally. As one of the earliest solar cell manufacturers in China, China Sunergy began operations in August 2004 and was publicly listed on the NASDAQ exchange in 2007. Known for leading-edge technology in the photo-voltaic (PV) industry, China Sunergy has grown rapidly over the past several years. Their products have been extensively applied in the communication and urban construction fields around the world.

A specialty renewable energy program manager based in the United States, PowerGuard provides an innovative 25-year, non-cancellable quality and performance guarantee solution to back up a manufacturer’s own warranty terms.

The insurance solution, conceived and managed by PowerGuard, offers back-to-back coverage for a 10-year materials and workmanship warranty. Additionally, it offers a linear power performance guarantee over a 25-year period for panels sold by China Sunergy and covered by the warranty.

Guaranteeing warranty terms through the use of insurance provides the certainty manufacturers and their customers seek, as well as long-term stability for the industry.

Mr. Stephen Cai, CEO of China Sunergy, said, “Adoption of this warranty insurance solution showcases our dedication to providing customers more security and confidence in our products’ reliable quality and high performance. This will further strengthen our brand advantage and help enlarge China Sunergy’s customer base.”

“PowerGuard is very proud that our innovative PowerClip warranty solution has become the ‘gold standard’ for leading solar energy producers around the world,” said Mike McMullen, Managing Principal of PowerGuard. “PowerGuard will continue to support the development and success of the global renewable energy industry with unique, industry-leading products and services.”

The PowerGuard solution provides certainty and security and its warranty terms are non-cancellable and will survive even insolvency and bankruptcy. Also offered are third-party rights to the policy in case the original solar manufacturer goes out of business. These rights are backed by the capital strength of the insurance market.

Contact:
Mike McMullen
949.224.1325
mmcmullen@powerguardins.com.

About PowerGuard Specialty Insurance Services:
PowerGuard is a specialty renewable energy program manager specializing in the design and underwriting of unique insurance and risk management solutions for wind, solar and other alternative energy companies.

PowerGuard’s PowerClip warranty product is the most comprehensive contractual liability coverage available to renewable energy manufactures, project developers, power generation operators and the financial institutions who invest in them.

PowerGuard’s PowerWrap Solar Project Guarantee Policy is a simple and straightforward insurance policy that guarantees the performance of the entire solar energy system – written on investment grade paper with an insurance company holding an AA- rating from Standard & Poor’s. For more information please visit http://www.powerguardins.com .

About China Sunergy:
China Sunergy Co., Ltd. (NASDAQ:CSUN) is a specialized manufacturer of solar cell and module products in China. China Sunergy manufactures solar cells from silicon wafers, which utilize crystalline silicon solar cell technology to convert sunlight directly into electricity through a process known as the photovoltaic effect, and assembles solar cells into solar modules. China Sunergy sells these solar products to Chinese and overseas module manufacturers, system integrators, and solar power systems for use in various markets. For more information, please visit our website at http://www.chinasunergy.com .

Investor and Media Contacts:
China Sunergy Co., Ltd.
Elaine Li
Phone: + 86 25 5276 6696
Email: Elaine.li@chinasunergy.com.

Brunswick Group:
Hong Kong
Ginny Wilmerding
Phone: + 852 3512 5000
Email: csun@brunswickgroup.com.

Hong Kong
Xiaoxiao Nina Zhan
Phone: + 852 3512 5000
Email: csun@brunswickgroup.com.

News Source: PowerGuard Specialty Insurance Services :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at: http://Send2PressNewswire.com .

Talesun Solar is an international manufacturer of high quality crystalline solar cells and modules. Located in Changshu, just 50 miles from Shanghai, Talesun operates the world’s largest, fully automated production plant using state of the art technology. The company also has offices in Munich, Germany and San Jose, USA.

A specialty renewable energy program manager based in the United States, PowerGuard provides an innovative 25-year, non-cancellable quality and performance guarantee solution to back up a manufacturer’s own warranty terms.

The insurance solution, conceived and underwritten by PowerGuard, offers back-to-back coverage for a 10-year limited product warranty. It also includes a 10-year warranty for 90 percent power performance and an additional 15-year warranty for 80 percent performance for panels sold by Talesun and covered by the warranty.

Through the use of insurance, PowerGuard is able to offer manufacturers the ability to provide the certainty their customers seek, as well as long-term stability for the industry.

Mike McMullen, managing principal of PowerGuard, shares, “PowerGuard is excited to see leading solar cell and module manufacturers around the world embracing the value that our unique and innovative risk-transfer product provides to them. PowerGuard will continue to support the development and success of the global renewable energy industry with unique, industry-leading products and services.”

The PowerGuard solution is available globally. Its warranty terms are non-cancellable and will survive even insolvency and bankruptcy. Third-party rights to the policy are also offered, in case the original solar manufacturer goes out of business, backed by the capital strength of the insurance market.

Contact:
Mike McMullen
949.224.1325
mmcmullen@powerguardins.com .

About PowerGuard Specialty Insurance Services:
PowerGuard is a specialty renewable energy program manager specializing in the design and underwriting of unique insurance and risk management solutions for wind, solar and other alternative energy companies.

PowerGuard’s PowerClip warranty product is the most comprehensive contractual liability coverage available to renewable energy manufacturers, project developers, power generation operators and the financial institutions who invest in them.

PowerGuard’s PowerWrap Solar Project Guarantee Policy is a simple and straightforward insurance policy that guarantees the performance of the entire solar energy system – written on investment grade paper with an insurance company holding an AA- rating from Standard & Poor’s. For more information please visit www.powerguardins.com .

About Talesun:
Talesun is a premium manufacturer of solar modules and solar cells. The 200,000 square meter fully automated production facility of the company is located in China and is planned to reach a production capacity of 2 GW by the end of 2012. Talesun has subsidiaries in Shanghai, Munich and San Jose, USA.

News Source: PowerGuard Specialty Insurance Services :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at: http://Send2PressNewswire.com .

A specialty renewable energy Program Manager based in the United States, PowerGuard provides an innovative 25-year, non-cancellable quality and performance guarantee solution to back-up a manufacturer’s own warranty terms.

Guaranteeing warranty terms through the use of insurance provides the certainty manufacturers and their customers look for, as well as long-term stability for the industry.

This insurance solution, conceived and underwritten by PowerGuard, offers back-to-back coverage for a 10-year limited product warranty as well as 10-year warranty for 90 percent power performance and an additional 15-year warranty for 80 percent performance for panels sold by LONG ENERGY and covered by the warranty.

Mike McMullen, managing principal of PowerGuard, says, “PowerGuard is proud that our innovative risk-transfer product is quickly gaining momentum with leading solar module manufacturers in China and around the world. PowerGuard will continue to support the expansion and success of the global renewable energy industry with unique, leading-edge products and services.”

“The PowerGuard solution is an important way for solar panel producers to provide a greater degree of business certainty and allows developers of solar parks to finance photovoltaic installations more easily and with increased flexibility,” states Ken Yang, client relationship manager of Marsh Los Angeles. “The solar panel manufacturing sector in Asia continues to grow rapidly, with China leading the way in terms of manufacturing output.”

The PowerGuard solution, which is available directly from PowerGuard or through various retail brokers, provides certainty and security to the solar manufacturer’s end customers. Its warranty terms are non-cancellable, surviving even insolvency and bankruptcy. Third-party rights to the policy, in case the original solar manufacturer goes out of business are also offered, and are backed by the capital strength of the insurance market.

Contact:
PowerGuard Specialty Insurance Services
Mike McMullen
949.224.1325
mmcmullen@powerguardins.com .

About PowerGuard Specialty Insurance Services:
PowerGuard manages programs specializing in the design and underwriting of unique insurance and risk management solutions for wind, solar and other alternative energy companies.

PowerGuard’s PowerClip warranty product is the most comprehensive contractual liability coverage available to renewable energy manufactures, project developers, power generation operators and the financial institutions who invest in them.

PowerGuard’s PowerWrap Solar Project Guarantee Policy is a simple and straightforward insurance policy that guarantees the performance of the entire solar energy system – written on investment grade paper with an insurance company holding an AA- rating from Standard & Poor’s. For more information please visit www.powerguardins.com .

About LONG ENERGY (Shenglong):
Established in May 2006, Long Energy (Shenglong) is an experienced company with deep roots in technology, now listed on the Korea Exchange (KOSDAQ). Located in Zhangjiagang City, Long Energy (Shenglong) currently has over 1,500 employees and is about an hour’s drive from Shanghai, China. Their factory occupies an area of roughly 240,000 sq. meters and covers the vertically integrated value chain from silicon melting to finished modules.

Aspiring to be a leading photovoltaic company with advanced technology, Long Energy (Shenglong) has always followed the notion of “high starting point, large scale, high quality and strong branding,” which has led the company to achieve remarkable growth in just a few years. With a sound mixture of technical competence and visionary ideas, Long Energy (Shenglong) designs, manufactures, and sells high-quality solar products to the international market at competitive prices.

Long Energy’s (Shenglong’s) main products are crystalline silicon photovoltaic modules which have received IEC, TUV, UL, MCS, CQC, KIER, CE, PV CYCLE membership and approval. These modules are bankable by Unicredit SpA, Italy and GLS bank, Germany. In addition to offering entirely in-house produced modules, Long Energy (Shenglong) also provides complete, tailor-made photovoltaic systems.

About Marsh:
Marsh, the world’s leading insurance broker and risk advisor, teams up with clients to define, design, and deliver innovative industry-specific solutions that help them protect their future and thrive. Marsh has over 25,000 colleagues who collaborate to provide advice and transactional capabilities to clients in over 100 countries. Marsh is a member of Marsh & McLennan Companies, a global professional risk and insurance services firm with over 52,000 employees worldwide and annual revenue exceeding $10 billion, which is also the parent company of Guy Carpenter, the risk and reinsurance specialist; Mercer, the provider of HR and related financial advice and services; and Oliver Wyman, the management consultancy. Its stock (ticker symbol: MMC) is listed on the New York, Chicago, and London stock exchanges.

News Source: PowerGuard Specialty Insurance Services :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at: http://Send2PressNewswire.com .

The Risk Innovator Award recognizes professionals from a variety of industries who have demonstrated innovation and excellence in risk management. As one of only 18 recipients of the 2011 Risk Innovator award, McMullen and the PowerGuard team were recognized for their work in developing unique solutions for the wind and solar energy sectors including PowerGuard’s PowerClip™ warranty coverage and PowerWrap™ solar project guarantee policy.

“We are very pleased and honored to be recognized by Risk & Insurance for our warranty coverage and other financial solutions in the solar and wind energy markets,” noted McMullen. “The PowerClip and PowerWrap products are making it possible for alternative energy to progress in areas where growth has been stymied in recent years. It is very rewarding to have others recognize the value of these products and their ability to act as a catalyst for growth in the alternative energy field.”

In addition to being honored as a 2011 Risk Innovator, McMullen was awarded the Responsibility Leader designation. As one of only 8 recipients chosen from the 2011 Risk Innovators class, McMullen was tapped for the Responsibility Leader designation due to his success in developing unique and practical risk solutions in the energy sector that have benefited the organization, employees, and community. The award also acknowledges McMullen’s commitment to doing the right thing as opposed to the easy thing in overcoming obstacles.

McMullen launched PowerGuard in 2007 with John Hahn; former president of Tri-City Brokerage Inc. PowerGuard began writing property and warranty coverage for wind power projects and then moved into property and warranty for solar installations in 2008.

About PowerGuard Specialty Insurance Services:
PowerGuard is a Managing General Agent specializing in the design and underwriting of unique insurance and risk management solutions for wind, solar and other alternative energy companies.

PowerGuard’s PowerClip warranty product is the most comprehensive contractual liability coverage available to renewable energy manufacturers, project developers, power generation operators and the financial institutions who invest in them.

PowerGuard’s PowerWrap Solar Project Guarantee Policy is a simple and straightforward insurance policy that guarantees the performance of the entire solar energy system – written on investment grade paper with an insurance company holding an AA- rating from Standard & Poor’s. For more information please visit www.powerguardins.com.

- RSS news feed for PowerGuard: http://send2pressnewswire.com/author/powerguard-specialty-insurance-services/feed .

News Source: PowerGuard Specialty Insurance Services :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at: http://Send2PressNewswire.com .

Prior to joining PowerGuard, Sharer was most recently a managing director at APX, Inc. (now NYSE Blue), where he was responsible for developing unique products and services for the renewable energy sector. Prior to APX, Jeff oversaw hazard risk management for Goldman Sachs and the firm’s owned investment entities, including Cogentrix Energy and Horizon Wind Energy.

As a PowerGuard vice president and business development executive, Sharer will direct sales and marketing initiatives across all distribution channels, working with retail brokers, project developers, alternative energy investors, banks and others to develop and manage new business opportunities for the PowerGuard team. Sharer will be based in New Jersey and report directly to PowerGuard’s Managing Principal, Mike McMullen.

“Demand for PowerGuard’s products and services – particularly our industry leading PowerCLIP™ warranty solution – has grown significantly,” noted McMullen. “Having an experienced, respected business development and alternative energy professional like Jeff on our team will help us to manage and capitalize upon this growing demand. We are pleased and excited to welcome Jeff to PowerGuard.”

Sharer obtained a Juris Doctor degree from Pace University School of Law in White Plains, NY and a Bachelor’s Degree in History (Minor in Business) from Moravian College in Bethlehem, PA.

Jeff Sharer can be reached at:
PowerGuard Specialty Insurance Services
(949) 224-1332
jsharer@powerguardins.com .

For more information on PowerGuard, PowerCLIP™, PowerWrap™ and other innovative insurance and risk management solutions for alternative energy companies, please contact Mike McMullen, managing principal of PowerGuard Specialty Insurance Services at mmcmullen@powerguardins.com .

About PowerGuard Specialty Insurance Services:
PowerGuard is a Managing General Agent and Lloyds cover holder specializing in the design and underwriting of unique insurance and risk management solutions for wind, solar and other alternative energy companies.

PowerGuard’s PowerClip warranty product is the most comprehensive contractual liability coverage available to renewable energy manufactures, project developers, power generation operators and the financial institutions who invest in them.

PowerGuard’s PowerWrap Solar Project Guarantee Policy is a simple and straightforward insurance policy that guarantees the performance of the entire solar energy system – written on investment grade paper with an insurance company holding an AA- rating from Standard & Poor’s. For more information please visit www.powerguardins.com .

News Source: PowerGuard Specialty Insurance Services :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at: http://Send2PressNewswire.com .