ENERGY STORAGE

Solar & storage insurer KWh Analytics expands capacity agreement with Aspen

April 9, 2024

Renewable energy asset insurance provider kWh Analytics has announced a significant increase in its capacity agreement with Aspen Insurance to support its property insurance offering for solar, energy storage and wind.

With this increase, kWh Analytics is able to underwrite up to $75 million per renewable energy project location and has full delegated authority to cover accounts compromising up to 100 per cent of operational solar and/or battery energy storage systems (BESS) projects and up to 50 per cent of wind and/or construction accounts.

Jason Kaminsky, CEO at kWh Analytics, said: “This capacity raise is a strong indicator of confidence in our company’s data and sophisticated modelling capabilities and the industry’s desire to encourage resilient renewable assets. Adding capacity enables us to expand coverage options for responsible asset owners, supporting renewable energy growth amidst worsening natural disasters by incentivising resilience and bridging the protection gap.”

Josh Jennings, SVP and head of inland marine at Aspen Insurance, added: “kWh Analytics’ data-driven approach is consistent with Aspen’s future-focused underwriting strategy, and we’re delighted to continue our collaboration to meet our clients’ evolving needs with innovative renewables solutions. This increased capacity provides additional options for asset owners who are proactively designing, building and maintaining resilient assets, and it further strengthens our commitment with kWh Analytics to offer solutions for the growing demands of the renewable energy market.”