Articles

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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Country Spotlight: Brazilian Solar

Posted on December 10, 2014

Despite an excellent domestic solar resource, the installed base of utility-scale solar PV in Brazil has, to date, been negligible. However, following the first Brazilian solar auction last month, the market is now poised for rapid expansion as the country looks to diversify its energy mix and reduce its dependence on intermittent hydroelectric resources. Business Development…

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GCube Advisory Council

Posted on September 19, 2014

The GCube Advisory Council was created in 2012 to provide a platform for renewable energy industry leaders to exchange ideas and develop industry specific best practices for addressing the exposure to financial loss through insurance, loss control, contractual risk transfer, alternative risk financing, and other risk management strategies. The Advisory Council also offers its members……

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Interview With An Underwriter – Monika Jahnke

Posted on September 19, 2014

General liability exposures are not much different for renewable energy projects than they are for other commercial exposures. General liability insurance is vital to safeguard a project owner against the impact of third-party property damage and bodily injury. We asked Monika Jahnke to provide a brief overview of liability coverage and why it is important…

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Message from GCube Insurance Services, Inc. President, John McLane

Posted on September 19, 2014

Welcome to the September 2014 edition of The Renewable Insight. This edition goes in distribution at a very interesting point of the year. Right now, we are sizing up progress in our 2014 year, while we are also beginning renewal discussions with participants on our binder. It also arrives shortly after our…

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Forest Fires: 5 Mitigation Measures

Posted on September 19, 2014

In recent weeks, the issue of wind turbine fires has, for better or worse, hit the headlines. Following a misleading study conducted by a prominent UK university, the anti-wind lobby seized on publicly available data to suggest that fires caused by turbine failure could be ten times more common than reported, and, consequently, constitutes a…

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