Renewable Energy

A powerful Partnership

Green Insurance has partnered with one of the worlds leading renewable energy insurance specialists, Price Forbes. This partnership creates a unique combination of local presence and international expertise, encompassing a global power portfolio of 300,000 MW across all project risk areas and phases.

2.4 GW+

solar risks placed

20 GW+

wind risks placed

2.5 GW+

hydro risks placed

500 MW+

geothermal risks placed

Understanding Project Risk

We understand the unique insurance pricing risk drivers for renewable energy projects.

Low NatCat risks
Good ground conditions and site accessibility
Country security and culture
Good local relationships

Non/low prototypical aspects
Reliable supply chain
Well documented approvals
Robust warrenties
Sound health and safety processes with quality detection and preventative measures

Proven track record in similar projects
Company culture
Financial strength
Good claims record
Proven quality assurance and quality control
Proven execution skills along the risk chain

Distance to connection points
Age and condition of grid
Maintenance programme
Redundancy and availability measures
Quality of supply chain

Reliable risk matrices
Project management and operational procedures
Sourcing of spare parts
Site storage procedures
Extent of maximum loss scenarios

Protecting revenue Streams

The single biggest risk can come from non-owned assets. Contingent risks can pose a major threat, both to project construction and commercial operations. We recognise the interface and potential schedule gaps between the project assets ‘inside the gate’ and the non-owned ‘outside the gate’ facilities. We advise on how to protect against delays and interruptions that can heavily impact project schedules and revenue streams.