Solar Under Performance Guarantee

Solar Under Performance Guarantee Insurance Coverage makes every solar project more bankable.

Renewable Energy Insurance Broker provides access to product secured by only “A" rated carriers to protect your installation from additional financial charges due to low performance of the solar power plant with Solar Under Performance Guarantee insurance.

REIB has established a partnership with a leading worldwide insurance companies in order to support our clients needs. Solar Under Performance Insurance Coverage can saves millions of dollars to investors, developers and asset managers if the solar installation does not produce energy at the specified level of performance and the revenue requirements are not met.

solar panels green field

Solar Under Performance arises from:

  • Reduced global solar radiation in comparison with profit survey.
  • Reduced performance of the facility’s components in comparison with the minimum performance of the manufacturer.
  • Above average or excessive wear.
  • Reduced Yield Cover is triggered if actual annual output falls below 90%, then pays up to 30% of projected yield.
  • Uses design yield report as base for PV output projection (PVsyst, PVGIS, PVWatts or equivalent)
  • Under performance cannot arise from Property or Equipment Breakdown peril
  • Loss calculated on an annual basis

Main Benefits of Solar Under Performance Guarantee:

  • World Class Insurance Solution from A.M. Best and S&P “A” rated insurance companies
  • Access to more efficient capital
  • System Revenue Protection
  • Enhanced credit worthiness
  • Insured up to 90% of expected energy production
  • More favorable financing terms by lenders, financial institutions and banks
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