Solar Insurance Costs Halve as Cheap Panels Quash Premium
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The cost of insuring a solar plant has dropped by half since 2010 as cheaper photovoltaic panels lead to lower project costs and reduced premiums.
"Rates have significantly come down," in mature markets including Germany, Spain and the U.K., said Jamie Fleming, a senior underwriter in London at GCube Insurance Services, which has insured 50,000 megawatts of clean-energy projects globally.