Press

GCube Launches Production Tax Credit Protection Policy

New York, 7th November 2012 – GCube, the leading provider of underwriting services for renewable energy projects, has launched an insurance solution to cover losses incurred by wind energy developers or contractors in the event of the cancellation of the Production Tax Credit (PTC).   A key Presidential election issue, the potential non-renewal of the…

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Technical Innovation Key to Future of US Offshore Wind

Renewable energy underwriter highlights need for technological innovation and greater market confidence to secure the future of US wind. London, 9th October 2012 – The success of the North American offshore renewable energy industry will depend as much on future, sustained investment in technological innovation, as it will on backing pioneering offshore power projects. That…

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GCube Secures $175M Biomass and Geothermal Capacity

New York, 5 September, 2012 — GCube, the leading provider of insurance for the renewable energy industry, has secured $175 million in additional construction underwriting capacity to assist the development and evolution of the international biomass and geothermal energy markets.  The new capacity marks a major milestone for the insurance market’s appetite to have a…

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GCube Enters Partnership Deal With Munich RE

8 February 2012, London & New York – GCube, the leading provider of insurance services for renewable energy initiatives, has entered into a partnership agreement with Munich Re. The deal links two of the leading players currently operating in the renewable energy space; introducing new capacity into the market and fostering greater potential for future…

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GCube Increases Capacity By An Additional $100 Million For Offshore Renewable Energy

25 January 2012, London & New York – GCube, the leading provider of insurance services for the renewable energy industry, has added a further USD$100 million to its existing offshore renewable energy project capacity. With significant growth in the offshore renewable energy sector, particularly in Europe and potentially the US and South East Asia in…

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GCube Underwrites Australia’s First 10MW Solar Farm

23rd January 2012, London & New York, – GCube, the leading provider for insurance services for renewable energy initiatives has announced that it has underwritten Australia’s first utility-scale solar power project. The 10MW Greenough River Solar Farm, near Geraldton, Western Australia, broke ground in November 2011 and is currently undergoing construction – due to be operational…

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GCube Continues to Expand Underwriting Capabilities

10 November 2011, London & New York – GCube is pleased to announce that John Larisey and Yulia Michael have joined the company,  the leading provider of insurance services for the renewable energy sector around the globe. John Larisey joins the firm as Vice President of Underwriting and Yulia Michael as Assistant Vice President respectively.  Both…

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GCube Underwrites Italy’s Largest Windfarm

25 October 2011, London & New York – GCube, the leading underwriter for renewable energy initiatives has announced that it has been selected by Nsure Ltd, to underwrite the Falck Renewables Buddus – Al dei Sardi wind farm, Italy’s largest wind power project to date. The deal comes at a critical time for the European wind…

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GCube Backs WWF Low Carbon Energy Report

24 October 2011, London & New York – GCube the leading underwriter of renewable energy initiatives, backs and endorses the findings from the latest WWF report that assess the future of sustainable energy supplies. The report comes at a time when the energy industry faces a number of challenges.  Consumers are striving to keep their…

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GCube Increases Capacity to $680 Million for Wind and Solar Projects

22 August 2010, London & New York – GCube, the leading provider of insurance services for renewable energy initiatives, has increased its underwriting capacity to USD 680,000,000 for wind energy and solar projects worldwide. Despite a contracting insurance market, the additional capacity was raised separately from existing Lloyd’s underwriting capital providers. With the size, scale…

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