Barney Schauble, Dan Stilwell and Maria Rapin discuss the growing demand, from both investors and counterparties, for renewable energy products to help mitigate the risks associated with climate change.

In recent years, corporate power purchase agreements (PPAs) to buy renewable energy have been a key driver for large-scale wind and solar projects. The PPA trend has grown rapidly in the U.S. Last year alone, the number of buyers jumped from 31 to 75 while the contracted volumes soared from 2,780 to 6,530 megawatts (MW).

Matt Coleman, Director of Strategic Partnerships at Nephila Climate, discusses the management of weather and climate risk and growing adoption of risk transfer products in the investable universe with Noel Hillmann at Clear Path Analysis

Microsoft and REsurety, together with Nephila Climate ("NCx") and Allianz Global Corporate & Specialty, Inc’s Alternative Risk Transfer unit (Allianz) are working towards protecting corporate buyers of clean power from fluctuating electricity prices due to weather volatility.

Nephila Climate ("NCx"), the weather and ESG-driven specialty division of Nephila Holdings Ltd., together with Allianz Global Corporate & Specialty SE's alternative risk transfer unit ("Allianz"), announced today that they have closed a first set of solar Proxy Revenue Swaps for two solar projects in Australia, the Susan River Solar and Childers Solar facilities.

Invenergy, North America’s largest privately held renewable energy company, has executed a 10-year Proxy Revenue Swap with Allianz Global Corporate & Specialty’s alternative risk transfer unit (“Allianz”) for its Upstream Wind Energy Center, protecting the new wind project’s revenues from the financial risks associated with future energy prices and the uncertain volume and timing of energy generation.

Nephila Holdings Ltd, parent company to Nephila Capital Ltd, the first dedicated investment manager specializing in reinsurance and weather-related risk, announced today that it has expanded its weather and ESG-driven business with the launch of a new specialty division, Nephila Climate (NCx).