HDFC Ergo to cover solar energy shortfall risk

HDFC Ergo General Insurance Company has designed a solar energy shortfall insurance policy to insure bidders against the likely loss of business if the generation doesn’t meet the projected levels.

Five prospective clients have already evinced interest in the product, executives said.

The development comes at a time when bidders for some solar power projects are fleeing because they consider the projects unviable. The private sector general insurer has designed the pol ..

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