Specialty and financial risks
Energy Insurance
Construction and operational covers for solar, wind, hydro and thermal power plants.
Power plants are high-value, technically complex assets. During construction the focus is on erection and construction risks; in operation, machinery breakdown, natural catastrophe and loss of production come to the fore. We design the programme taking the insurance requirements of the lending banks into account.
Who is it for?
- Solar (PV), wind and hydroelectric plants
- Thermal and biomass plants
- Projects financed by banks and development institutions
What does it cover?
- Construction and erection all risks
- Operational all risks
- Machinery breakdown
- Business interruption / loss of production
- Third-party liability
Scope and exclusions vary by insurer and programme. With every quote we summarise the policy wording in plain language.
What drives the price?
- Installed capacity and project value
- Technology and equipment manufacturer
- Location and natural catastrophe exposure
- Maintenance and risk management practices
Frequently asked questions
Why do the banks’ insurance requirements matter?
In project finance, the loan agreement requires specific covers and limits. A policy that does not meet them can delay drawdowns.