Wind energy parametric insurance

Keeps a wind farm's revenue on plan in low-wind months: the payout follows the shortfall in mean wind speed at hub height.

Index, trigger and payout

Payout

Illustrative series. The payout is released when the index crosses the trigger agreed in the contract.

How the cover works

What is measured, and when it pays.

Risk covered: Shortfall in usable wind resource — hub-height wind speed below the turbine power-curve optimum.
Parametric trigger: Monthly mean wind speed at hub height vs. historical mean.
Payout: Predefined payout compensating the loss, sized on an 11-tier trigger scale.
Index resolution: Named asset, monthly
Data and model: Weibull distribution (k=2) — standard wind-speed model.
Typically for: Renewable energy producers

Bought by the same clients

Next step

We back-test the index at your site over its full history and come back with indicative terms, before anything is bound.