kWh Analytics, a leader in climate insurance, announces a significant increase in capacity with Aspen Insurance to enhance property insurance offerings for renewable energy projects. The collaboration aims to support resilience in the face of natural disasters and bridge protection gaps.
Enhanced Capacity for Renewable Projects
kWh Analytics elevates its capacity agreement with Aspen Insurance, enabling underwriting of up to USD$75 million per renewable energy project location. This includes full coverage for operational solar and/or battery energy storage systems (BESS) projects and partial coverage for wind and/or construction accounts.
Continued Collaboration for Renewable Solutions
This capacity boost follows a year-long partnership between kWh Analytics and Aspen Insurance, initiated in January 2023. With this expansion, the collaboration now includes four of the top ten global insurance partners, reinforcing their commitment to innovative renewable energy solutions.
Promoting Resilient Renewable Assets
Jason Kaminsky, CEO of kWh Analytics, highlights the importance of data-driven models in promoting resilient renewable assets. The increased capacity aims to incentivize resilience among asset owners and foster sustainable growth in the renewable energy sector.
Josh Jennings, SVP and Head of Inland Marine at Aspen Insurance, emphasizes the alignment of their underwriting strategy with kWh Analytics’ data-driven approach. He underscores the significance of offering additional coverage options to meet evolving client needs in the renewable energy market.
As renewable asset owners face challenges in risk management and underwriting, kWh Analytics’ data-driven solutions offer a pathway to enhance resilience and drive sustainable growth in the renewable energy sector. With a focus on innovation and collaboration, the partnership between kWh Analytics and Aspen Insurance aims to address the evolving demands of the renewable energy landscape.
Source：businesswire.com
