Articles

Key Dates for 2016

Posted on December 10, 2015

Each year, GCube hosts a number of seminars and events, designed to promote information sharing among risk managers about key risks, claims and losses in the renewable energy industry. In conjunction, GCube is publishing a series of unique loss reports for its brokers and insureds. Here are a number of provisional key dates for your…

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Technical Topic: Tackling Turbine Fires

Posted on December 9, 2015

GCube is pleased to announce the launch of its latest report, Towering Inferno for its brokers and insureds. The December 2015 publication uses GCube’s proprietary claims data and publicly available news sources to quantify the financial and wider market impacts of wind turbine fires, offering strategies for mitigating fire risks. Here, Jatin Sharma, Head of…

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Renewable Spotlight: Managing CSP Risks

Posted on December 9, 2015

In less than a month’s time, a huge solar thermal plant will go live in the Moroccan city of Ouarzazate. This plant is made up of mirrors covering an area as large as 35 football pitches, equivalent to the area of Morocco’s capital city Rabat. The mirrors will harness the sun’s heat to melt salt,…

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Message from Fraser McLachlan, Chief Executive

Posted on December 9, 2015

If all goes to plan, by Friday of this week, delegates from 195 nations will have approved a new universal climate agreement to keep global warming below 2°C. This agreement should constitute the most solid commitment by the UN to combat and limit the effects of climate change since Kyoto thirteen years ago.This is all…

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Year in Review: US Renewables

Posted on December 9, 2015

Despite some wider uncertainty, the US renewables sector has achieved a number of milestones this year. In September, the US was ranked number one in EY’s Renewable Energy Country Attractiveness Index (RECAI) and President Obama’s Clean Power Plan (CPP), announced in early August, should ensure that the US renewables sector continues along its current path.…

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GCube Covers Xcel Energy for North Dakota Wind

Posted on December 9, 2015

GCube, the leading underwriter for renewable energy initiatives, has signed a contract with US electric and natural gas business, Xcel Energy, for a 200MW wind energy project in North Dakota.As US energy continues to move away from its traditional sources, and despite the strong market competition from natural gas, US power and utilities businesses are…

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Event Review: Offshore Wind Risk Seminar

Posted on September 22, 2015

GCube would like to thank the brokers and risk managers who attended our third annual Offshore Risk Seminar at the Institute of Contemporary Arts in London on September 16th 2015. The aim of the event was to address future trends in offshore wind risk and insurance, with attendees hearing from some leading authorities in offshore…

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GCube Insures 146MW Chilean Solar Plant Project

Posted on September 22, 2015

GCube Underwriting Limited (GCube), the leading underwriter for renewable energy initiatives worldwide, has signed a 3 year contract to cover the project company in charge of the construction and operational phases of one of Chile’s largest solar photovoltaic (PV) projects.…

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Technical Topic: Troublesome Transformers

Posted on September 22, 2015

The generator step-up transformer is the critical component required for distribution of electricity to the grid. As such it is one of the most valuable parts of any wind farm, not only in terms of its associated manufacturing and installation costs, but also on account of its essential role in the export of power and…

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Interview with a Claims Representative: James Papazis on US Solar Risk

Posted on September 22, 2015

On July 27th, GCube hosted the Solar Risk Seminar at the Giants Stadium in San Francisco, providing attendees with the opportunity to discuss the US solar market. James Papazis, GCube’s Senior Claims Representative, spoke at the event – we ask him for his perspective on the current state of the market and recent claims trends…

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