KUALA LUMPUR: Etiqa has launched the first insurance plan in Malaysia to protect against shortfalls in solar panel energy output, Solar Energy Shortfall Insurance (SESI).
In a statement, the insurer said the plan will compensate insured solar farm operators for financial losses arising from any shortfall in solar energy production due to the reduction in solar irradiation, or reception of light energy from the sun. The plan is underwritten by Etiqa General Insurance Bhd.
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