Press

GCube Covers Xcel Energy for North Dakota Wind

Courtenay, North Dakota, December 8th 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…

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GCube Tackles Turbine Fires

Paris, 17th November 2015 – Specialist renewable energy underwriter, GCube Underwriting Ltd. (GCube) has today launched a unique report into wind turbine fires, drawing from its extensive claims data and experience. Towering Inferno is the latest in a series of reports for GCube’s insured and broker community, analysing the root causes, impact and mitigation of…

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GCube Unveils Weather Risk Transfer Mechanism

London / New York 21st September 2015 – GCube, the leading underwriter for renewable energy initiatives, today launches a new Weather Risk Transfer mechanism for the wind and hydroelectric energy sectors, providing project owners and stakeholders with a means to mitigate the financial impact of resource volatility. While intermittency is a given for the renewables sector,…

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GCube Voices Transformer Contingency Concerns

London, 16th July 2015 – Asset managers and project owners must carefully consider contingency plans in order to mitigate the risk of transformer downtime, an infrequent yet severe incident that can lead to significant financial impairment of a renewable energy project. As renewable energy developers look to reduce capital expenditure by designing larger projects with…

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GCube Launches First Unscheduled U.S. Wind Maintenance Protection Plan

New York, May 18th 2015 – GCube Insurance Services Inc, (GCube) the specialist renewable energy underwriter, today launches Beyond Balance Sheets: Unscheduled Maintenance Protection. This unique, first-to-market service enables financial directors and risk management teams to more effectively manage their long-term operations and maintenance budgets and rapidly reduce the requirement for excess working project capital….

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GCube Gets to Grips with Grinding Gearboxes

London, 2 February 2014 – Specialist renewable energy underwriter GCube Underwriting Limited has published an in-depth report, entitled Grinding Gearboxes, analysing gearbox failure by addressing root cause, financial impact and proactive steps to mitigate the frequency and severity of downtime. As the central component of the drive system, the gearbox has always been a critical…

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GCube Insures Europe’s Largest PV Project

London, 15th December 2014 – GCube, the specialist renewable energy insurer, 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…

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GCube Creates Chief Underwriting Officer Post

London, 9th December 2014 – GCube Underwriting Limited (GCube), the specialist renewable energy underwriter, has appointed Stuart Burchell to the newly created position of Chief Underwriting Officer. This international appointment and the creation of the new role, underlines the increasing importance of transferring lessons learnt and benefitting from global industry experience as developers and investors…

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GCube Underwrites Kenyan Windpower

London,  April 2nd, 2014 – GCube, the specialist renewable energy underwriter, has announced that it has been selected by developer Aeolus Kenya to provide insurance services for the firm’s Kinangop wind farm. As Kenya seeks to move away from its reliance on imported energy, it is looking to secure energy supplies from a range of sources,…

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GCube Launches Political Risk Insurance Service

New York, March 10th, 2014 – GCube, the leading underwriter for renewable energy initiatives, has launched a Political Risk Insurance (PRI) offering 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…

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