About SEDA Policies Net Metering Feed-in Tariff (FiT) Statistics & Monitoring EE Download & Media Directory Events & Trainings FAQ
OTHERS PRESS RELEASES
SEDA OPEN DAY 2018: TOWARDS A FUTURE OF SUSTAINABLE ENERGY   08/11/2018
MINISTER YB YEO BEE YIN ANNOUNCES REVOCATION OF NON-PERFORMING FEED-IN TARIFF PROJECTS AND NEW QUOTA RELEASE BY SEDA IN Q4 2018   18/10/2018
SEDA INITIATES COUNTRY’S FIRST INSURANCE PROTECTION SCHEME FOR HOME AND COMMERCIAL SOLAR PV OWNERS WITH ALLIANZ VIA ANORA AGENCY & MPIA   18/10/2018
SEDA LAUNCHES THE COUNTRY’S FIRST NATIONAL SOLAR PHOTOVOLTAIC (PV) MONITORING SYSTEM   18/10/2018
SEDA SIGNS THREE MOUs TO ADVANCE THE RENEWABLE ENERGY AND ENERGY EFFICIENCY AGENDA @ IGEM 2018   18/10/2018
4TH ISES 2018 TO DISCUSS ABOUT THE FUTURE OF ENERGY IN THE ERA OF GLOBAL CALL FOR DEEP DECARBONIZATION IN THE POWER SECTOR   28/03/2018
SOFT LAUNCHING OF 4TH INTERNATIONAL SUSTAINABLE ENERGY SUMMIT (ISES) 2018 BY ONGKILI @ IGEM 2017   12/10/2017
FEED-IN TARIFF : 35 SCHOOLS, RELIGIOUS BODIES AND NGOs GRANTED SOLAR PV COMMUNITY QUOTA IN SABAH   05/04/2017


Home  »  Press Release


SEDA INITIATES COUNTRY’S FIRST INSURANCE PROTECTION SCHEME FOR HOME AND COMMERCIAL SOLAR PV OWNERS WITH ALLIANZ VIA ANORA AGENCY & MPIA
 

Kuala Lumpur, Wednesday (17 October 2018): Sustainable Energy Development Authority (SEDA) Malaysia today witnessed the launch of the country’s first-of-its-kind All Risks Solar PV insurance, which is an initiative by the Authority to ensure the investors’ assets are well protected. The innovative insurance product was by Allianz Malaysia Bhd via Anora Agency Sdn Bhd in collaboration with the Malaysian Photovoltaic Industry Association (MPIA).

The launch of this insurance scheme was officiated by YB Yeo Bee Yin, Minister of Energy, Science, Technology, Environment and Climate Change at the opening of the International Greentech and Eco Products Exhibition (IGEM) 2018 today. The Solar PV Insurance addresses the post-installation gaps which are typically lacking in the market.

Namely, the lack of support services, the high-cost of maintenance, and the lack of compensation for damages faced by residential Solar PV owners. The Solar PV Insurance is an All Risks comprehensive protection.

Under this protection, the policy holders will not have to bear any costs for repairs or the replacement of parts (including components), they will also be compensated for loss of income or savings should their solar PV system experience down time due to damage or theft up to 6 months. This product aims to serve solar PV owners such as the recipients of the feed-in tariff (FiT) scheme implemented by SEDA.

For the full text click here

BERNAMA: http://www.bernama.com/en/news.php?id=1654905

 
Copyright © 2018 SEDA Malaysia. All Rights Reserved.
Terms and Conditions of Use Links Enquiry Contact Us FAQs Sitemap