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Parametric Wind Farm Insurance

June 2023 update

The Accuweather Oracle is no longer in service on the Goerli testnet. An update to an appropriate weather data source is in progress. Until then, the contract is in a non-working state.

What does it do?

This is a decentralised parametric insurance application. Clients may insure their wind farms against the loss of revenue. Using an Accuweather Oracle via Chainlink, the wind speed of the client's wind farm's geographical location is returned every half hour. If there is a lack of wind on a given day (according to predefined thresholds), the client receives an instant payout at the end of the 24 hour cycle.

Technologies

Accuweather Chainlink Oracle on Goerli supplies the latest wind speed to the contract. Chainlink Keepers/Automation prompts the contract every half hour to fetch a new wind speed reading from this oracle.

Check it out

In script/HelperConfig.s.sol are the Deployer + Policy example contract addresses deployed on Goerli. Check them out on Etherscan! The policy is pre-loaded with ETH and Link.

Note: windfarm-proj-py is an older brownie version of this project and has since been re-written in Foundry – it can be disregarded.

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