We'll manage the risks associated with the construction stages of your project, as well as arranging the correct levels of cover to protect your business, including:
From micro-projects to large-scale hydropower plants, community or privately funded, whichever end of the scale your business sits, we're here to help.
Our team of experts will find the best way to manage your unique risks, protect your assets and your people. We'll give you the advice and support you need, whenever and however you need it.
By taking the time to assess your individual needs, we’ll explore the renewable energy insurance market and arrange the cover that’s right for your business.
We understand the risks your project faces:
Machinery breakdown
As with all machinery, hydro plants can breakdown; labour and replacement parts are expensive.
Plant accessibility
Because hydropower sites tend to be remote and rural locations, you may face logistical problems receiving replacement parts. Delays can result in significant disruption to your hydro plant.
Natural threats
Landslides, snowslides, and flooding present a risk of damage to your plant, particularly in the winter months.
Even though other renewable technologies' replacement and repair costs are reducing, the cost of hydro is still high compared with other renewables. But we've got your hydropower plant insurance needs covered.
Plant extensions
Many owners are now including battery energy storage systems (BESS) as an extension to the existing plant. Find out the risks associated with a BESS.
Once your project is up and running, you'll need cover to protect against everyday operational risks, such as:
