Munich Re Starts Selling Insurance on Renewables

Munich Re began selling insurance to investors in renewable energy projects in January.  It expects the insurance contracts to generate $658 million in revenue within five years, according to Businessweek.

Munich Re becomes the first insurer to offer coverage for the contingency that a supplier goes bankrupt.  The contract, which acts like a certification of the manufacturer, relieves a lot of the risk associated with investing in renewable energy.  More risk-averse investors such as pension funds may be likely clients, says the firm.

To read the full article by Businessweek cited in this story, click here

Tags: Fundings

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