Global demand for electricity combined with the desire to reduce CO2 emissions has increased interest in renewable energy technologies. With increasing government targets for energy consumption from renewable sources by 2020, investment in this sector is set to rise. These developing technologies bring with them the need for specialist insurance solutions.
In partnership with leading specialist providers of engineering insurance and inspection services, Fenton Insurance Solutions can provide insurance products to suit the varied needs of renewable energy producers throughout the UK including:
We are able to provide Policy wordings specifically designed with the renewable energy customer in mind, including the following:
Cover is also available for renewable energy construction and installation and provides the following cover options: – Erection All Risks cover during installation and maintenance period – Delay in Start-Up cover – Own or Hired In Plant covers – Public Liability cover during erection – Terrorism
– Windstorm or lightning damage to blades – Failure of gearbox or generator – Fire in the turbine nacelle – Fire/explosion of substation transformer – Failure of windings
The most common causes of loss or damage to PV installations are: – Theft or attempted theft of panels – Damage from weather events such as windstorm or hail – Impact damage – Failure of trackers – Failure of substation/electrical equipment – Fire
There are a number of processes which can be used to convert the material into energy sources. Anaerobic digestion uses bacteria to break down organic material to produce methane. Pyrolysis and wood gasification use heat and pressure, in an oxygen free environment, to produce biogas from carbon rich material. These processes produce particular risk exposures such as: – Fire – Explosion of boilers or pressure vessels – Breakdown/failure of gas engines or steam turbines – Spontaneous combustion of fuel stock
Particular risks applying to hydroelectric projects include: – Failure of water turbine – Damage from water surges – Water hammer effect
For a confidential review or more information please contact us or give us a call on 01553 760005
Let us ring you at your most convenient time.
For a quotation or further information on:
0844 264 2214
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