Allianz, Nephila to cover Australian wind farm project risks

Germany-based Allianz S.E. and Bermuda-based climate-risk insurer Nephila Climate have completed the first wind-farm proxy-revenue-swap transaction in Australia to protect the stakeholders against risks such as uncertain energy production, Artemis.bm reports. The deal involves two related transactions to cover future price and volume risk for the Lal Lal wind farm project.

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