What is Energy Output Performance Protect (EOPP)?
An insurance solution for a guaranteed energy-output promise, developed by Hannover Re SE and b2bProtect.
An energy service provider can declare an economic efficiency guarantee in the field of renewable energy production to his customers and use the EOPP insurance product to insure this guarantee. The end customer gets a compensation payment if the energy volume guaranteed by the energy service provider is not produced. This guarantee risk is covered by an insurer.
Furthermore, the guarantee remains applicable for the customer in the event of the provider’s bankruptcy as well. The EOPP insurance also results in increased confidence of the buyer in the provider of the technical measure. This accelerates the selling process.
The provider of technical measures no longer needs to make any balance-sheet provisions for risks and has a unique selling point when compared to his competitors.