PV Performance Cover
Protect the Return of Your Solar Park
Why risk your investment return in a solar park? Ensure stability and predictability with PV Performance Cover. Protect your solar park from underperformance and malfunctions.
As an investor, you rely on optimal performance. This insurance safeguards your revenue by covering financial losses due to reduced yields, technical failures, and unforeseen disruptions.
What is a PV Performance Cover?
PV Performance Cover safeguards investors, owners, and operators against financial losses when a solar park underperforms. This specialized coverage protects you from revenue shortfalls caused by underperformance, technical defects, or malfunctions not related to material damage.
For material damage, a Solar Panel All Risks Insurance provides coverage. By combining PV Performance Cover with Solar Panel All Risk Insurance, you create a comprehensive protection plan that ensures your investment remains secure and profitable.
What can cause Underperformance?
Here are some common causes of underperformance:
The 5 Key Benefits of PV Performance Cover:
Better Financing Terms
The insurance guarantees performance and limits technical risks, making your project more attractive to financiers. This can lead to better loan terms, lower costs, and higher returns.
Risk Mitigation
The insurance covers the necessary costs of repairs, replacements, or other necessary actions associated with defective components, poor materials, poor engineering practices, and insufficient maintenance, ensuring your solar park continues to operate efficiently.
Investment Security
The insurance covers your lost income due to underperformance or defects, ensuring your expected return.
Long-Term Coverage
Receive long-term, non-cancellable coverage that aligns with the lifespan of your project, typically up to 15 years, providing security throughout the entire project duration.
Maximized Returns
Ensure your solar park delivers the expected output throughout its entire lifespan. This insurance protects your cash flow, enabling you to achieve your financial returns.
Who Benefits from PV Performance Cover?
- Project Developers
Improve financing opportunities and secure better terms due to reduced performance risks. - Investors
Protect your investment and maximize your returns by ensuring the park performs as expected over the long term. - EPC’s / Contractors
Avoid financial losses from underperformance by securing performance. - Asset Managers
Maintain value and operational efficiency by providing protection against performance issues.
How does the PV Performance Cover Application work?
The process is simple and clear:
Initial Risk Assessment
It starts with a comprehensive assessment of your project, including the technology used, contracts, suppliers, and financial expectations.
Non-Binding Indication (NBI)
Based on the risk assessment, the insurer provides a non-binding indication of coverage options, including deductibles, policy limits, and a premium estimate.
Why Choose PV Performance Cover?
- Protect Your Investment
This insurance ensures your investment is safe, even if your solar park underperforms. - Better Financing Opportunities
More attractive to banks and investors. Helps to secure better loan terms. - Long-Term Coverage
Coverage against underperformance for its entire duration. - Increased Value for Your Solar Park
Increase the value of your park if you ever decide to sell it. - Flexible Coverage
Flexible options, so you get the exact coverage that suits your project.
Take Action!
Don’t leave the performance of your solar park to chance. Learn more about PV Performance Cover.
