From pv journal USA
kWh Analytics, an insurer specializing in zero-carbon belongings, has introduced a brand new property insurance coverage product with Aspen Insurance coverage. The supply covers bodily injury to photo voltaic tasks and different renewable power belongings.
A spokesperson for kWh Analytics mentioned pv journal USA that the product will probably be used for utility-scale photo voltaic belongings. The corporate has a database of greater than 300,000 operational renewable power belongings. It has insured greater than $4 billion in belongings to this point.
“The transition to a decarbonized financial system is the largest macroeconomic revolution of our technology, and insurance coverage performs a essential position in securing its future,” mentioned Jason Kaminsky, chief govt officer of kWh Analytics.
Asset house owners have confronted important value will increase in recent times, presenting a necessity for brand spanking new options to handle and underwrite threat. Its new insurance coverage product is designed to cut back the dangers of adjusting markets and local weather, enabling financing for brand spanking new tasks.
To proceed studying, please go to pv journal USA.
This content material is protected by copyright and will not be reused. If you wish to cooperate with us and wish to reuse a few of our content material, please contact: [email protected].
