RENEWABLE ENERGY
INSURANCE
Highly flexible coverage for utility-scale renewable energy projects
GCube’s Pro policies – ‘A’ rated by A.M. Best and S&P – have become the industry gold standard. They provide seamless coverage that meets the specific risk management requirements of a renewable energy project as it moves from phase to phase. Our renewable energy insurance offering continues to be enhanced with the development of new market-specific products, such as Weather Risk Transfer (WRT), designed to mitigate the financial impact of resource fluctuations on wind, solar and hydropower operators. Our specialist underwriting and claims teams benefit from complete decision-making authority, cutting down delays relating to policy adjustment and ensuring swift claims approval and payment. We can offer up to $300M in capacity for any wind, solar or hydro project / phase, and up to $300M for other renewable energy technologies. Transit Covers against unforeseen loss or damage, from purchase, throughout all transit to a distribution warehouse or dock, and finally to the project site. Transit Coverage during all stages of transit and delivery, whether marine, on the dock, by air or inland transportation. Transit Covers loss of Anticipated Gross Profit and Liquidated Damages incurred as a result of delay in project completion due to loss during transit. Construction We cover you throughout the entire construction phase of your project, including testing and commissioning and the early generation phases. Construction Covers all physical damage to your equipment during construction, whether caused by human error or weather-related. Construction Coverage for the sudden and unforeseen failure of equipment at any point during project construction. Construction Mitigates the financial impact of delays in project completion by covering for loss of Anticipated Gross Profit from the scheduled date of commercial operation until the actual date of commercial operation. Construction Ensures a seamless transition between construction and operations by covering the period when assets are operational prior to handover. Operations We protect you against the unexpected events – from weather, to fire, to mechanical breakdown – that may damage your property and its ability to generate power. Operations Coverage for the sudden and unforeseen failure of equipment during day-to-day operations. Operations Compensates for income lost due to the interruption of power generation activities – taking into account subsidy and tariff support mechanisms. Operations Protects you against loss of earnings if a supplier, business, sub-contractor, key customer or manufacturer cannot continue to operate because of damage or destruction. Liability GCube’s General Liability coverage safeguards your project from legal liability claims presented by third parties, throughout all stages of your renewable energy project. Specialist offerings A tailored weather hedge mechanism that provides wind, solar and hydro project stakeholders with a means to stabilise future cash flows and minimise the impact of adverse weather on revenue. Specialist offerings Protects revenues from the significant risk posed by malicious cyberattacks and ransomware.Seamless coverage backed by renewables expertise
Insurance Coverage
GCube’s suite of insurance products is engineered to mitigate financial risks throughout the project lifecycle, from transit, to construction, to long-term operations.
Cargo / Stockthroughput
Ocean & Inland Transit All Risks
Marine Delay in Start Up
Construction All Risks (CAR)
Physical Damage
Mechanical & Electrical Breakdown
Advance Loss of Profits (ALOP)
Pre-handover Operational Coverage
Operational All Risks (OAR)
Mechanical & Electrical Breakdown
Business Interruption
Contingent Business Interruption
General Liability
Weather Risk Transfer (WRT)
Cyber Risk