Descartes Underwriting partners with Nextpower on parametric straight-line wind cover for solar plants

Nextpower

Nextpower

NXT

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  • Nextpower partnered with Descartes Underwriting to launch an integrated parametric insurance product for straight-line wind risk at utility-scale solar plants.
  • Coverage uses wind-speed readings from Nextpower on-site meteorological stations to set triggers, aiming to cut basis risk and speed payouts.
  • Policy limits reach up to USD 80 million globally, rising to USD 100 million in the U.S.
  • Product can be bundled with Descartes tornado coverage and hail coverage to broaden severe convective storm protection.
  • Coverage is distributed through commercial (re)insurance brokers for eligible Nextpower customers worldwide.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NextPower Inc. published the original content used to generate this news brief on June 11, 2026, and is solely responsible for the information contained therein.

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