Press
GCube Launches Enhanced Defects Coverage for Established Wind Farms
May 23, 2011, Newport Beach, CA – GCube, the leading provider of insurance services for renewable energy projects, today launches its Enhanced Defects Coverage program. This unique program provides a realistic and dependable response to equipment upkeep and maintenance when no longer covered by a traditional manufacturer’s warranty. The enhanced coverage comes at a critical time for the international wind energy industry as machinery warranties expire and wind farm owners and operators face increased maintenance and repair bills...
Read MoreGCube Insurance Services, Inc. Expands Underwriting and Business Development Organization
April 1, 2011, Newport Beach, CA – GCube is pleased to announce that Michael Durning and Al Caceres have joined the company, the leading provider of insurance services for the renewable energy sector around the globe. Michael Durning joins as Executive Vice President of Client Relations and Business Development while Al Caceres will head up the firm’s underwriting practice as Senior Vice President of Underwriting covering all renewables. “We are extremely happy to have Michael and Al join GCube. They are recognized leaders in...
Read MoreGCube and C&G Partner for South African Renewables
May 8, 2011, New York & London – GCube, the leading provider of insurance services for renewable energy initiatives, has teamed up with South African underwriter, C&G, to collaborate on underwriting new renewable energy projects in South Africa. With the South African government in the process of overhauling its energy infrastructure as part of the Integrated Resource Plan (IRP), and thereby decreeing that renewable energy must be responsible for 42% of new power projects, there is rapidly emerging market need for a solution that...
Read MoreBlue Investments Signs with GCube
March 16, 2011, New York & London – GCube, a leading provider of insurance services for renewable energy initiatives, has been awarded the underwriting contract for the construction phase of Blue Investments Holding’s wind energy project in Romania. The initiative located in the Baia Village, in the East of the country, will consist of four 2.5MW Onshore Turbines, and has an insured project value of EUR 20 Million. With Eastern Europe enjoying a construction boom in the wind energy sector, it is smaller wind farms, like Baia,...
Read MoreGCube Insurance Services, Inc. Announces John McLane as President
February 7, 2011, New York & London – GCube is pleased to announce John McLane has been appointed President of GCube Insurance Services, Inc., the leading provider of insurance services for the renewable energy sector around the globe. A successful executive with an impressive track record in the insurance industry, Mr. McLane brings over 30 years of operating experience to all facets of insurance and risk financing programs for utility scale renewable energy projects. In 2006, John was named one of the top five energy insurance...
Read MoreGCube Expands Solar Capacity to Half a Billion
February 1, 2011, New York & London – GCube Underwriting Limited, the leading provider of insurance services for renewable energy technologies, today announces that it has grown its solar property coverage from $300 Million USD to $500 Million USD for any single solar project or phase. The news comes at a particularly bullish time for large-scale projects in the global solar industry. Buoyed by improving tariffs, subsidies and infrastructure, many countries are increasingly turning to the solar industry as they strive to meet 2020...
Read MoreWind Energy Deal Crystalized for GCube
November 2, 2010 – London – GCube, the leading provider of insurance services for renewable energy initiatives, has signed a contract with Fred. Olsen Renewables for the operational insurance of the 138MW Crystal Rig II wind farm near Dunbar, Scotland. Fending off strong competition from UK and Scandinavian-based insurance competitors, the deal underlines GCube’s commitment, expertise and heritage within the European wind energy market. The agreement comes at a time of great optimism for UK wind, with the UK now capable of...
Read MoreGCube Insures Largest Thin Film PV Solar Project In California
April 26, 2010, New York & London – GCube, the leading insurer for renewable energy power production facilities, announces today another placement of a customized insurance policy targeted specifically at safeguarding emerging utility scale solar technologies in the United States. The Blythe plant, located about 200 miles east of Los Angeles, has become the first US-based solar project to implement the policy, providing the facility with comprehensive operational coverage, and is the largest thin film PV solar project in California,...
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