Kathmandu. The global renewable energy insurance market is projected to be worth $28 billion over the next decade.
According to Market Research Future, by 2034, the world’s renewable energy insurance market will reach $ 28 billion. This compound annual growth rate will be possible at 4.22 percent.
The global renewable energy insurance market reached $18.6 billion in 2024. According to the market research report, increasing investment in renewable energy infrastructure, mountainous terrain and climate change risks, and the provision of regulatory bodies regarding the mandatory insurance of clean energy plans, the market for renewable energy insurance is increasing.
The development of wind, solar and hydropower projects in the world is increasing at a rapid pace. At the same time, the market for renewable energy insurance is increasing due to delays in project construction, equipment failure or non-working and trade barriers.
