The first integrated climate loan for new energy in Sichuan has been implemented.

On August 4th, the 10.5MW distributed photovoltaic power generation project in Guangyuan Economic and Technological Development Zone not only received a loan of 30 million yuan, but also obtained an underwriting contract based on the solar energy generation index. This is the first "loan + insurance" integrated climate loan issued by Sichuan to the new energy industry. The integrated climate loan product of "loan + insurance" adopts a service model of "bank + meteorology + insurance" to support the development of the real economy, jointly created by the Chengdu Branch of Industrial Bank, Sichuan Climate Center, Sichuan Branch of Pacific Insurance Company, and Sichuan Branch of Zhejiang Commercial Property Insurance Co., Ltd. Different from traditional insurance risk protection, this project uses index insurance characteristics, with total solar radiation as a dynamic payout index. With the support of real-time observation data from the meteorological department, when the actual solar radiation is lower than the contractually agreed value, it will automatically trigger a payout to compensate for the loss in enterprise power generation, thus dispersing and transferring the operational risks related to climate change for the enterprise.