Allianz continues sustainable push by joining Solar Energy UK

Allianz Insurance has signed up as the first insurance member of solar and energy storage trade association Solar Energy UK. With 256 members across various sectors, the association aims to play a part in trebling the UK’s solar capacity to 40GW by 2030.

Allianz says its partnership is the latest in a number of sustainability-related initiatives it has undertaken in the past year. They include the Net Zero Accelerator which aims to help brokers to measure and reduce their carbon footprint, partnering with Synetiq for sourcing green parts for motor claims, and having all UK offices run on renewable energy.

The firm says that membership will enable Allianz both to better support its solar power insurance customers, and to help Solar Energy UK and its members to understand the key risks that the industry faces.

Steve Kelly, head of insurance for Allianz engineering, construction and power, said: “We are very happy to be the first insurer member of Solar Energy UK and we hope we are not the last. No doubt other insurers and brokers will follow suit, not necessarily with Solar Energy UK, but with other trade associations or groups that promote and support the path to a more sustainable way of doing business.

“Solar Energy UK is a great fit for Allianz. We already have diverse engineering and insurance expertise within the renewable energy sector, but we want to build on that to be a leading force in the insurance industry.”

Cherry Parker, director of business development at Solar Energy UK, said: “We’re delighted to welcome Allianz onboard as our first associate member. It is impressive to see Allianz reinforcing its credentials for decarbonisation and seeking to grow its services portfolio in the fast-growth solar energy and storage industry.”

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