We walked in Bulgaria, we reached projects on four continents
During the development of the trend in Bulgaria it is still to save from the insurance “All risks during construction” (construction and installation work), despite the fact that in the last six months our clients in Europe in REIB report more safety events in phase construction – “Theft” and “Storm” are some of the most common events.
The situation is different for investors in large photovoltaic plants. Construction and installation insurance is a condition of every construction contract and the fact that since the beginning of this year we have insured projects during their construction with a capacity of 65 MWp in Bulgaria, 156 MWp in Romania, 328 MWp portfolio in Denmark, 332 MWp portfolio in Italy, 25 MWp in Poland, only confirms our claim.
Is there any interest in your services in Bulgaria? We know that a period of mass construction of new RES is now beginning.
– Bulgaria is the market from which we passed and four thanks to our clients here we managed to reach projects on the continent. Yes, REIB services is in demand in our country and the market share of about 25% of all insured solar projects proves this. As they say, only a month ago another big investor was not trusted – FEC with a capacity of 65 MWp and the possibility of new capacity. The question is that he will only expand his portfolio of clients, as the business in Bulgaria has learned to look for and choose a quality protected service that will best protect his investment.
Can you indicate any prices for the specific insurances? For example, according to the program of choice and according to the type of power.
– It would be difficult to determine the price range, as this is a job for protection, but certainly in terms of standard coverage we are competitive with other colleagues. Regarding the specific coverage, “Reduced yield” will provide the following example: for a 1 MWp plant with an estimated production of 1300 MWh at a purchase price of € 100 / MWh, the annual premium would be around € 390.