Solar production parametric insurance
Keeps a solar plant's revenue on plan when the sun delivers less than expected, with a payout sized on the monthly irradiation shortfall.
Index, trigger and payout
Payout
How the cover works
What is measured, and when it pays.
- Risk covered
- Loss of electricity production revenue from Global Horizontal Irradiation falling below the level assumed at underwriting.
- Parametric trigger
- Monthly GHI (W/m²) vs. selected trigger level, 11 tiers.
- Payout
- Predefined payout compensating the loss, sized on an 11-tier trigger scale.
- Index resolution
- Named asset, monthly
- Data and model
- Beta distribution — standard solar clearness-index model (solar-resource-variability literature).
- Typically for
- Renewable energy producers
Bought by the same clients
Related covers.
Next step
Test the trigger on your own location.
We back-test the index at your site over its full history and come back with indicative terms, before anything is bound.