Press

Proliferation of Local Content Requirements Threatens Latin American Clean Energy Boom, Says GCube

London, 6th November 2013 — The success of international wind and solar energy developers, manufacturers and the wider supply chain within Latin America is as much dependent on a sustained programme of domestic investment, as it is on local government energy subsidies and incentives. That is according to GCube, the leading underwriter for renewable energy…

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GCube Wins Solar Renewal with the Leading Solar Power Generator

 London, 5th November 2013 – GCube, the leading underwriter for renewable energy initiatives, has signed a 2-year contract renewal with the UK’s most recognised solar power generator, Lightsource Renewable Energy. As UK solar projects proliferate, and secondary investors start to take on the ownership of operational projects, there is a market need for a level of…

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Munich Re, GCube and Marsh Provide Risk Transfer Solution for Large-Scale Solar Power Plant in Morocco

Munich Re and GCube have been appointed by Saudi Arabian power company, ACWA Power, to deliver specialist insurance and risk management services for Noor 1 its 160MWe concentrated solar power (CSP) project in the city of Ouarzazate, Morocco. The project Noor 1 signifies the largest CSP project outside of North America. Comprising a solar field,…

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GCube Secures UK Biomass

London, 4th September 2013 — GCube, the leading underwriter for renewable energy initiatives, has been selected to provide insurance underwriting services for two of the UK’s leading biomass projects. Whilst Government support for the biomass market has gone through a number of recent changes, the sector is still seen as one of the most promising…

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GCube Appoints Mark Wilson as Chief Financial & Operations Officer

London, 12th August, 2013 — GCube, the leading provider of renewable energy insurance services has appointed Mark Wilson as its new Chief Financial & Operations Officer . Mark will join the business on 1st November and will take global responsibility for finance and operations throughout the business. Fraser McLachlan, Chief Executive Officer, GCube Underwriting, said,…

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GCube Top 5 US Wind Energy Insurance Claims Report

New York, 6th August, 2013 — GCube, the leading provider of renewable energy insurance services has published a report summarizing the most common wind energy insurance claims made in the United States. The data based on 2012 US reported claims, shows that blade damage and gearbox failure account for the greatest number of losses –…

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GCube Increases Biomass and Geothermal Capacity to $250 Million

London / New York, 20th June 2013 — GCube, the leading underwriter for renewable energy initiatives, has increased its biomass and geothermal construction underwriting capacity to meet with increasing market demand. New technologies have encouraged the creation of new biomass and geothermal energy projects along with the extension earlier this year of the US Farm Bill…

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GCube Underwrites 5GW of Offshore Wind, Highlights Importance of ‘Investment Grade’ Assets

London, 12th June 2013 – GCube, the specialist renewable energy underwriter, has said that whilst clear growth within offshore wind persists, the industry needs to take some extra steps to ensure that wind energy assets are ‘investment grade’ in the long term. With limited opportunities for debt within the offshore wind capital structure, unknown risks…

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Lack of Battery Energy Storage Standards Threaten Wind and Solar Projects

New York, 7th May 2013 – As pressure placed on cutting the cost of clean energy accelerates, savings must not be found at the expense of an ongoing investment in critical design and construction specifications, the development and implementation of new industry standards and the evolution of established checks.  That is according to GCube Insurance…

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Eastern European Wind Now More ‘Bankable’

As manufacturer and developer ambitions escalate, Eastern European wind energy projects are becoming increasingly ‘bankable’. That is according to GCube, the leading provider of underwriting services for the renewable energy industry projects. The assertion comes as GCube announces that it will insure EP Global Energy’s development of an 80MW project in Chirnogeni, Constanta, Romania. The…

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