Articles

Is Your Flood Coverage Ready?

Posted on March 24, 2014

If you have not spent time understanding the coverage and market access for flood insurance, waiting could be costly! Flood insurance has changed dramatically, more than any other catastrophic insurance coverage in the market place. Coverage, terms and conditions, cost and availability have all become factors impacting those looking to protect assets.…

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Our Commitment to Electrical Standards and BESS, Battery Energy Storage Systems

Posted on March 24, 2014

GCube continues to strengthen its participation and support of the various electrical standards committees and emerging BESS, battery energy storage systems. We believe our representation in these forums brings a significant boost for our insureds as the UL, NAATBatt, AWEA O&M Working Group and the National Electrical Code move towards implementing manufacturing standards and O&M……

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Renewable Energy Region Profile: Central America

Posted on March 24, 2014

Central America, the frontrunner in hydropower and geothermal energy, has been developing other renewable energy resources such as wind, solar, biofuels, and agricultural waste for the past two decades. The region’s non-hydro renewable electricity share is 13%, impressive when compared to the global average of only 5%. The potential for renewables is huge. …

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The End of Warranty and the Wind Maintenance Market

Posted on March 21, 2014

It is estimated that around 1/3rd of all wind turbines globally are reaching the end of original equipment manufacturer (OEM) service agreements and entering long-term…

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Interview with a Risk Manager:
Portland General Electric’s Jerry Rhoades

Posted on March 20, 2014

We recently sat down with Jerry Rhoades, Risk Manager for Portland General Electric Company, to discuss his renewable energy power generation portfolio and the reasons he choose GCube for coverage. Tell us about PGE’s renewable program: PGE relies on a variety of sources including hydroelectric, wind and solar to provide responsibly generated power.…

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The Challenges of Emerging Markets

Posted on March 20, 2014

Renewable energy has always been a global market. However, developers, utilities and investors initially focused much of their efforts on the European and North American markets. As a result, it’s only now that – having refined their skills in local geographies – that they’re truly looking to capitalise and expand on opportunities elsewhere.…

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Renewable Energy Technology Profile: Aquamarine Power

Posted on March 20, 2014

We caught up with our long-standing client and leader in the wave industry, Aquamarine Power CEO Martin McAdam, to learn more about the business and the risk considerations he must make for his company. Ocean waves represent our planet’s last untapped natural renewable energy resource. …

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Interview with an Underwriter: Tom Baker, South Africa

Posted on March 20, 2014

South Africa is widely regarded to be leading the way in the wider African renewables industry, with impressive wind and solar resources and substantial state funding for clean energy infrastructure projects. During the first round of bidding in the Independent Power Producer (IPP) Procurement Programme, 28 renewable energy projects benefitted from a total $5.7bn…

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GCube Launches Political Risk Insurance Service

Posted on March 20, 2014

GCube has launched a Political Risk Insurance (PRI) facility in response to a rising number of client enquiries regarding political and credit risks. As the international renewable energy sector expands and diversifies into new emerging markets, whilst continuing to feel the effects of a global recession, there is a general consensus amongst project developers, financiers…

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Message from GCube Insurance Services Inc.
President, John McLane

Posted on March 20, 2014

As we are moving through 2014, it is clear there is a transition accelerating a more prudent approach for risk management for renewable energy. This is happening for two primary reasons. First, project owner/operators are looking for ways to improve equipment reliability and availability, and consequently, the financial returns on their investment. …

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