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GE announced its plan to form three global public companies focused on the growth sectors of aviation, healthcare and energy.
What is COP26? Here’s how global climate negotiations work and what’s expected from the Glasgow summit
The U.N. Intergovernmental Panel on Climate Change’s latest report, released in August 2021, warns in its strongest terms yet that human activities have unequivocally warmed the planet, and that climate change is now widespread, rapid, and intensifying.
This was the week for Microgrid California, a one-day conference produced by Microgrid Knowledge that was jam-packed with educational sessions designed for microgrid owners, developers and technology/equipment suppliers. Speakers offered lessons learned building microgrids. As a refresher, a microgrid is mostly designed to deliver resiliency for its owners – be they utilities, large C&I companies, municipalities, universities, and communities. What […]
It is no secret that the last couple years have been rough for PV manufacturers globally. Panel makers have had to contend with compressed profit margins and an oversaturated market, both of which have driven many firms to shutter operations and enter into bankruptcy protection. Facing the difficult task of betting on which companies will be around in the future to honor product warranties, PV project developers, owners, and financiers approached the insurance industry to see if it could devise a solution for their concerns. The response came in the form of OEM (original equipment manufacturer) warranty insurance.
Tokio Marine & Nichido Fire Insurance Co. has begun offering a type of insurance intended to ease the concern of hot springs operators about the impact of new geothermal power stations.
Insurance giant Co-operative Insurance Society announced that their headquarters in Manchester, England will be covered in Building Integrated Photovoltaics (BIPV). The building - known locally as the CIS Tower - is the tallest office building outside of London and is the dominant feature on the Manchester skyline.
Insurance giants like Swiss Re AG, with the help of a San Francisco firm, now have a way of guaranteeing production from solar farms — not an easy feat considering supplies from these plants rise and fall with the sun. The product that at least one insurance company is now offering is called a solar revenue put.
The insurance industry has lots of exposure to climate change. But as Warren Buffet has explained, not so much for companies that do annual policy adjustments, like Berkshire Hathaway. Their exposure is limited because the trends are baked into the premiums. But there is an opportunity for reducing insurance risk due to climate change, and it comes from the insurance industry itself. The business model is to have car insurance salespeople provide leads to virtual electric car charging services. This has perfect demographics because electric vehicle owners are very receptive to solar electricity. Who wouldn’t want a clean transportation solution with local job creation that can’t be offshore?
Connor, Clark & Lunn Infrastructure (CC&L Infrastructure) and Regime de Rentes du Mouvement Desjardins, Desjardins Financial Security Life Assurance Company, and Certas Home and Auto Insurance Company (together, Desjardins) have acquired Regional Power Inc. from The Manufacturers Life Insurance Company (Manulife).
Investment manager Nephila Holdings Ltd. and insurance giant Allianz SE have banded together to offer an insurance policy of sorts to wind farm developers known as a “proxy revenue swap.” It’s a technical way of saying they’re guaranteeing that revenue from a farm will fall within a certain range.