Munich Re, RSA Insurance Group, and CarbonRe, with support from the Global Environment Facility and the United Nations Environment Programme, have launched an innovative mechanism for insuring renewable energy projects in developing countries.

The global renewable energy insurance facility, which will be operated via the new internet website "insurance4renewables", will offer standard and customized insurance solutions for renewable energy projects in developing countries.

Insurance4renewables is intended to offer tailor-made products for renewable energy projects and to support the development of insurance solutions that meet the requirements of renewable energy projects operating in developing countries. These areas often lack data, which provides a barrier to insurers who aim to underwrite a number of renewable energy risks.

CarbonRe, an insurance broker specializing in clean energy projects, is the appointed broker for access to this unique facility.