Aviva and Howden Back New Solar Start-up for Greener UK
In an era where the impact of climate change is increasingly felt across the globe, innovative solutions are not just welcome but necessary. The recent partnership between Aviva and Howden to insure Sunsave, a pioneering solar subscription service startup, vividly illustrates how collaboration between the insurance sector and renewable energy initiatives can pave the way for a greener future. This alliance aims to make solar energy accessible to all UK households, marking a significant step towards the country’s Net Zero ambitions.
We know it’s cloudy out there so we’ve been saving some bright news to share☀️
Very excited to partner with Insurance broker @Howden_UK to provide insurance for innovative solar subscription service start-up, @sunsaveuk.
Sunsave’s unique model offers homeowners solar panels on a subscription basis, a first in the UK, enabling customers to enjoy the benefits of solar energy without the hefty upfront costs traditionally associated with solar installations. This innovative approach is supported by a bespoke insurance package created by Aviva and Howden, designed to provide comprehensive coverage for solar panels and batteries, including damage, theft, third-party liability, and financial losses due to prolonged system downtime.
A Unique Insurance Solution
We’re excited to announce that insurance provider @avivaplc will cover Sunsave Plus customers with a bespoke insurance policy for their solar and battery systems, brokered by @Howden_UK 🛡️ Together, we’re supporting the UK’s transition to green and renewable energy ☀️💪 https://t.co/Itv0JO6s9c
The bespoke policy for Sunsave, which went live in February with the first solar panel installation already completed, is a testament to the adaptability and forward-thinking of Aviva and Howden. They have streamlined the process around new installations to accommodate the expected uptake, demonstrating a commitment to supporting the UK’s transition to green and renewable energy. Aviva has a history of backing renewable energy initiatives, with its renewable energy portfolio expanding more than 400% since 2019, signifying a decisive move away from fossil fuels. Similarly, Howden’s Power & Renewable Energy team manages over 280 gigawatts of power assets worldwide, including a significant focus on renewable projects.
Supporting the Transition to Net Zero
Nick Evans, Deputy Head of Renewable Energy at Aviva, emphasised the role of insurance in mitigating the impacts of climate change and supporting the transition to Net Zero. By providing risk management solutions and advice, Aviva and Howden are enabling environmentally friendly ideas to become a reality, thus supporting the accessibility and affordability of renewable electricity for households.
Deborah Duss, Global Head of Renewable Energy and Executive Director of Power & Renewable Energy at Howden, highlighted the crucial role of insurance in the booming energy transition, committing to continue working globally to support growth in the renewable energy sector. Meanwhile, Ben Graves, Co-Founder of Sunsave, expressed his delight in partnering with Aviva and Howden, noting the importance of this innovative insurance cover in launching the UK’s first solar subscription service.
Personal Stories: The Emotional Touch
The emotional resonance of this partnership is not lost on those it directly impacts. For example, Jane, a homeowner in the UK, shared her experience: “Installing solar panels was a dream of mine, not just to reduce electricity bills but also to contribute to a healthier planet. The subscription model made this dream accessible, and knowing that the system is insured gives me peace of mind.”
This partnership between Aviva, Howden, and Sunsave is a beacon of hope in the fight against climate change. It exemplifies how innovative solutions, backed by insurance security, can accelerate the adoption of renewable energy technologies. As we face the challenges of climate change, collaborations like this demonstrate the power of collective action and innovation in shaping a sustainable future.
As we move forward, the success of such initiatives will be pivotal in encouraging more households to transition to renewable energy, contributing to the global effort to mitigate the impact of climate change. It’s a reminder that every step towards sustainability, no matter how small, is a step towards a healthier planet for future generations. This partnership not only lights the way for the renewable energy sector but also ignites a spark of hope for a cleaner, greener world.
