Bespoke solutions for the renewable energy sector
Not only is the renewable energy sector a niche and ever-changing industry, governments across the globe have set hard targets for the amount of energy produced by renewable sources.
With competition increasing, you need to be able to rely on an insurance broker who not only can help with general insurance requirements but one that understands the specialist nature of your business.
From advances in Solar PV technology, the latest developments in green hydrogen to new battery energy storage installations, our specialist team has up to date knowledge and understanding so we can best advise you by identifying your risk exposures.
How can we help you?
We have the knowledge, experience and insurer relationships to provide you and your business with tailored solutions.
Our insurance solutions are provided throughout the lifecycle of Renewable Energy projects. An important part of these insurance solution options is an - OCIP (Owner Controlled/Coordinated Insurance Programme), being an insurance policy covering all contractual parties to protect the assets, legal liabilities and financial exposures (Project Owner only) of the project.
We have knowledge, experience and excellent or strong insurer relationships to provide you and your business with tailored bespoke insurance solutions to protect your business and project.
We can provide renewable energy insurance solutions for:
- Solar PV
- Wind Turbines (on shore)
- Anaerobic Digestion
- Waste to energy
- Small Hydro
- Hydrogen – Electrolysis production
- Battery Energy Storage Systems (BESS)
Latest Renewable Energy news
An AD plant operator jointly owned the plant with private equity funders. The funders required a comprehensive Operational All Risks cover that stood up to their in-house insurance expert’s critical audit.
The plant's brokers had to inform the owners and funders that they were unable to obtain cover and the current insurer was not offering renewal. With the plant potentially being uninsured, the owners/funders would have an unacceptable exposure of several million pounds and a solution was required quickly.
Within seven days of being engaged, PIB had obtained an offer of 100% cover on an Operational All Risks basis that passed the funders critical audit and was at a viable premium level.
The owner and funders were especially impressed by PIB’s willingness to take a very flexible and imaginative approach in what was a very compressed timescale.