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Allianz General, Anora and Solarvest ink MoU to further promote renewable energy

KUALA LUMPUR, Allianz General Insurance Company Bhd and its agency partner, Anora Agency Sdn Bhd, will be partnering Solarvest Holdings Bhd towards creating a sustainable and greener future through the promotion of renewable energy.

Under the memorandum of understanding (MoU) between the three parties, Allianz General and Anora will protect Solarvest’s businesses, assets and projects with its range of insurance solutions, including SolarPro All Risk Insurance, which is exclusively distributed by Anora, Allianz General said in a statement today.

Allianz Malaysia Bhd chief executive officer Zakri Khir said Allianz Malaysia is proud to support local players in the solar photovoltaic (PV) industry and filling the protection gaps in the solar PV ecosystem.

It is the company’s contribution towards helping to achieve the government’s goal of increasing the country’s renewable energy generation from two to 20 per cent over the next six years, he said.

Solarvest, which is en route for an ACE market listing next month, is one of the leaders in large-scale solar farming, with certifications from the Sustainable Energy Development Authority Malaysia (SEDA), Institute for Sustainable Power Quality (ISPQ) and Grid-Connected Photovoltaic (GCPV).

Source: BERNAMA (News Agency)

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