Solution

Ground-mounted solar insurance: Asia Solar Advantage Program

Marsh Asia’s renewable energy team leads the industry with an innovative ground-mounted solar insurance facility, safeguarding over 162 gigawatts (GW) of solar projects globally, including 26 GW in Asia.

Marsh’s Asia Solar Advantage Program (ASAP) is a comprehensive insurance solution tailored for ground-mounted solar energy systems across Asia. The innovative solar facility protects businesses from risks such as damage from extreme weather, equipment failure, and business interruption.

While ground-mounted solar insurance helps businesses mitigate the financial risks associated with investing in solar energy systems, insurers remain cautious in determining capacity, pricing, and policy terms due to limited loss data and costly claims in Asia where temperatures are rising twice as fast as the global average,¹ leading to extreme weather and causing a toll on solar power investments.

For instance, ground-mounted solar panels and inverter stations in Thailand were submerged by floods in 2011. Additionally, flooding and extreme rainfall from Typhoon Bebinca caused widespread waterlogging across solar farms and infrastructure in China in 2024.

To address these challenges, streamlined underwriting processes support business investments in ground-mounted solar power projects.

Unlocking renewable energy capacity with a streamlined process

Marsh’s Asia Solar Advantage Program (ASAP) is designed to expedite ground-mounted solar system project coverage, minimising the time required for underwriting ground-mounted solar projects with the following benefits:

Automatic insurance capacity

Innovative “lead-boost follow market” facility that offers up to 27.5% of capacity per risk through a group of insurers for projects with a combined value of up to US$250 million, unlocking dedicated and much-needed insurance capacity, providing certainty for solar power project owners.

Expedited underwriting process

Standardising terms, conditions, and pricing enhances efficiency and accelerates the underwriting process.

Competitive terms

Leveraging risk assessment analysis to optimise the total cost of risk for the best terms and conditions in the market.

Risk advisory

Advisory on risk mitigation strategies through risk engineering and natural catastrophe modelling to enhance project resilience to achieve better insurance outcomes.

Common risks can derail your ground-mounted solar project operations if unmitigated

Despite being the cheapest form of energy and a key driver in energy transition, the implementation of risk transfer solutions is critical to the success of ground-mounted solar power projects in Asia, as it reduces exposure to the spectrum of risks and their potential financial losses:

Extreme weather and environmental exposure, primarily driven by rising temperatures, leading to extreme weather events such as typhoons, floods, landslides, and hail, are becoming more frequent and can result in catastrophic damage to solar farms.
Fire hazards, which may be caused by lightning strikes and welding work, can cause damage to ground-mounted solar projects.
Electrical equipment failure is usually linked to poor installation, overheating, faulty components, or lack of maintenance.
Business interruption requires operators to proactively manage technical, environmental, and operational risks to prevent financial losses when they are unable to generate and sell electricity due to unexpected events.

Why Marsh?

Marsh Asia’s renewable energy team is one of the largest in Asia, comprising over 50 specialists and supporting more than 48 GW in renewable energy projects. With dedicated risk engineering specialists in renewable energy, we are well-equipped to offer on-site risk management support.

Additionally, our dedicated energy and power claims specialists in Asia cooperate closely with a pre-agreed panel of reinsurers to ensure the timely payment of valid claims when they arise.

Find out how to mitigate your solar project’s construction and operational risks with ASAP

¹ World Meterological Organization (2025), Rising temperatures and extreme weather hit Asia hard