Munich Re launches green energy risk cover
Reinsurer Munich Re has launched a new insurance product which covers the risk borne by operators that solar module output may, in the course of time, fall below the level guaranteed by a manufacturer which can no longer be held liable under its warranties due to insolvency.
The policy is to complement Munich Re's performance guarantee cover for photovoltaic manufacturers.
Developed in conjunction with Deutsche Bank, the new optional cover was used by Munich Re for the
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