From pv journal USA
kWh Analytics, an insurer specializing in zero-carbon property, has introduced a brand new property insurance coverage product with Aspen Insurance coverage. The supply covers bodily harm to photo voltaic tasks and different renewable vitality property.
A spokesperson for kWh Analytics mentioned pv journal USA that the product will probably be used for utility-scale photo voltaic property. The corporate has a database of greater than 300,000 operational renewable vitality property. It has insured greater than $4 billion in properties thus far.
“The transition to a decarbonized financial system is the most important macroeconomic revolution of our era, and insurance coverage performs a vital function in securing its future,” mentioned Jason Kaminsky, chief govt officer of kWh Analytics.
Asset house owners have confronted vital value will increase in recent times, presenting a necessity for brand new options to handle and underwrite danger. Its new insurance coverage product is designed to scale back the dangers of adjusting markets and local weather, enabling financing for brand new tasks.
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