FIRST COMMERCIAL SOLAR INSURANCE LAUNCHED IN SOUTH AFRICA.

South African firms All Power Systems and Synthesis Power Holdings recently launched the country’s first commercial Solar Savings Insurance to protect companies from risks associated with adverse weather and system failure.

In a statement, the companies said firms using the rooftop solar energy faced the risk of their panels being damaged by hail or developing a system fault among other hazards.

All Power Systems and Synthesis Power Holdings had partnered with global reinsurer to develop a unique solar savings guarantee for companies’ CEO.

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