Dear Reader,
Here's a joke for you. What do you call renewable energy that needs insurance because the weather is too unpredictable?
A scam.
Weather-dependent energy needs weather insurance: The irony is perfect - renewables that supposedly "solve" climate change get destroyed by the same climate variability they claim to understand
Insurance companies create new profit center from green failure: When your "solution" to fossil fuels requires constant insurance payouts, you've created a subscription model for failure
Taxpayers fund the energy, then fund the insurance: First we subsidize unreliable energy, now we subsidize protecting that unreliable energy - it's a perfect wealth extraction machine
Solar and wind companies are now buying "parametric insurance" to protect against... wait for it... the weather being unpredictable. The same weather they claim to have figured out for the next century.
Think about this. These people told us fossil fuels were destroying the planet with "extreme weather." Now they need insurance because extreme weather destroys their precious solar panels and wind turbines.
You can't make this stuff up.
In Texas, hail destroys solar farms. In Australia, there's not enough wind. In India, clouds block the sun. Qatar and Kuwait have less wind than before. Indonesia gets less solar radiation.
So the "solution" to climate change... gets destroyed by climate.
ReNew Energy bought insurance for wind speeds. When the wind didn't blow enough, they made a claim. The insurer said, "Nope. Your turbine broke." No payout. "Heads they win, tails you lose," says their CFO.
That's the renewable energy business model right there.
Munich Re says demand is "growing massively." Of course it is. When your business model depends on perfect weather, you need insurance. When your insurance doesn't pay out, you need more insurance.
It's subsidies all the way down.
Zurich Insurance says half of Europe's renewable capacity is at "critical risk" from extreme weather. Critical risk! From the same weather patterns these companies use to justify their existence.
Banks now require renewable projects to buy insurance. More middlemen taking cuts. More costs passed to taxpayers and consumers. The green grift keeps growing.
Here's what they won't tell you: If your energy source needs insurance against weather, maybe it's not reliable energy.
Coal plants don't need weather insurance. Nuclear plants don't need wind speed insurance. Natural gas doesn't need "parametric coverage" for cloudy days.
But solar panels need hail insurance. Wind turbines need lightning protection. And when the payouts come - if they come - they cover "only a small portion of actual losses."
Perfect.
The Philippines got hit by Typhoon Rai. Aboitiz Power collected their parametric payout in 30 days. Great! Except now they need to buy more insurance for the next typhoon.
This isn't energy infrastructure. It's a casino where Mother Nature always wins.
India wants to double renewable capacity by 2030. Their wind generation has dropped 0.77 petawatt-hours per decade since 1980. So they're betting bigger on something that's already failing.
Smart money says buy the insurance companies.
Robert Kiyosaki
Editor, Money, Power and Profit
PS: The Silent Crisis: An Uncensored Look at the 2025 Economy.
While others boast, Kiyosaki reveals the uncomfortable truths about America's financial health. Discover the hidden dangers and his actionable plan to protect your wealth.