Private general insurance company ICICI Lombard General Insurance has launched a cover for solar park developers by insuring the park owners. The standalone insurance product aims to give comfort to lenders and investors and will support project finance.
The product will be distributed through the company’s branches and affiliated agencies.
The domestic solar power industry has seen phenomenal technological growth over the past few years, especially given the government’s push with The National Solar Mission initiative. The mission focuses on promoting solar power in the country under the National Action Plan on Climate Change.
