Articles

Client Interview: David Mounter, Manager Renewable Asset Development, Hydro Tasmania

Posted on March 17, 2015

The Australian wind energy market is experiencing a slow growth period as enduring uncertainty around the Renewable Energy Target continues to impact investor confidence and hamper new construction. We speak to David Mounter, Manager for Renewable Asset Development at Hydro Tasmania, for his perspective on how developing long-term O&M strategies can guarantee the ongoing productivity and…

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Event Review: Onshore Wind Risk Seminar

Posted on March 17, 2015

At a specialist GCube event hosted at The Shard in early February, risk managers from the leading developers, utilities and independent power producers, highlighted wind turbine gearbox failure as their leading concern as wind projects mature and manufacturer warranties expire. The findings echoed a recent GCube report on gearbox failure that showed losses can reach up…

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Profile: CUO Stuart Burchell

Posted on March 17, 2015

Early in December 2014, we announced that Stuart Burchell was to become our Chief Underwriting Officer, leading our global team of underwriters and based here in our London office. Stuart has been at GCube for 4 years, and his appointment builds on his wider industry background, and his experience garnered at GCube looking after onshore renewable…

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Special Report: Grinding Gearboxes – Better Call Roy

Posted on March 17, 2015

Despite the recent evolution of direct drive systems, the gearbox remains an integral part of the vast majority of operational wind turbines worldwide. It is the central component of the drive system and a critical interface between blades and generator. Unsurprisingly, it is also one of the most expensive single components of the system as…

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Message from Fraser McLachlan, Chief Executive

Posted on March 17, 2015

One would think that, with the plunging price of oil and fracking ramping up in the US more than ever, that we here at GCube, and the renewable energy industry more generally, would be nervous about our futures. Not so. The high revenues once produced by the wealthy oil companies allowed them to make ‘donations’ to…

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GCube Insures Europe’s Largest PV Project

Posted on December 10, 2014

GCube has been selected by Paris-based developer Neoen to provide comprehensive cover for a 300MW solar park in France. Once complete, the site in Cestas, near Bordeaux, will become Europe’s largest solar photovoltaic (PV) park. As technology and panel costs fall across the global solar PV industry, European utility-scale solar generation is increasingly becoming cost-competitive with…

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Coverage Discussion: Policy Wording

Posted on December 10, 2014

In early 2015, GCube is set to bring into effect an adjusted policy wording for the US and UK markets. Here we ask Phil Pavey to provide an overview of the changes and their implications for GCube policyholders. The upcoming adjustments can be described more accurately as the result of a subtle evolution and refinement, driven…

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Message from Fraser McLachlan, Chief Executive

Posted on December 10, 2014

This time last year, I wrote that 2014 would be a make or break year for GCube. At the end of 2013, the renewable energy insurance market was looking particularly soft, with low rates and deductibles across the board driving unsustainable levels of competition. It was in this climate that we made a commitment to walk away…

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Interview with an Underwriter: Nick Haller

Posted on December 10, 2014

As the renewable energy market expands and matures, many of the larger manufacturers and developers have turned their attentions to new markets around the globe. However there are still plenty of opportunities to be found in the traditional growth centers of Europe and North America. While the eyes of the industry are typically focused on the…

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Cutting the Cost of Blade Breakage

Posted on December 10, 2014

The wind power industry is undertaking a global migration. It is slowly but surely moving out of established growth centres in Europe and North America – where changing support mechanisms and subsidy regimes have contributed to stuttering new construction – into emerging sectors in Asia Pacific, Africa and Latin America. Here, ambitious manufacturers, developers and operators…

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