Renewable energy is playing a pivotal role in Australia’s transition to a more secure, sustainable, and cost-effective energy future. As one of the sunniest continents on Earth, Australia has a unique opportunity to harness solar power at scale.
With rising energy prices and increasing pressure to reduce carbon emissions, businesses and communities are rapidly adopting renewable technologies to ensure long-term resilience and environmental responsibility. Clean energy not only reduces dependence on fossil fuels but also strengthens the economy by supporting innovation, job creation, and energy independence.
Our specialist product for renewable energy risks that can cover everything from rooftop solar installations for small businesses to utility-scale wind and hydropower developments.
- Construction We can cover construction all risks, delay in start up and advanced loss of profits for any wind, solar, battery energy storage system and hydro project. With sizes ranging from $1m to $300m on the property side and liability limits up to $50m
- Installation and operational risk We have the capacity to underwrite all aspects of operational risk, including standard property and business interruption, but also specific covers such as weather derivatives that can affect project utilisation. We can cover project up to $300m in insured value.
- End of life We specialise in end-of-life dismantling, disposal and where possible recycling of components, metals and minerals.
BENEFITS
- Access to qualified risk management professionals.
- Access to expert underwriters, backed up by the strength and capability of Lloyds of London.
- Fast risk survey solutions.
- An empowered team with a strong emphasis on service.
- Dedicated in-house claims team with wide experience.
- Clear, prompt and regular communications, always.
Key Information
UPL Appetites and Capacities.
Minimum size of installation $1,000,000
Maximum limits
Solar $25,000,000
Wind $300,000,000
Hydro $50,000,000
Battery Energy Storage Systems $25,000,000
Project Construction including
Delay in start up and loss of profits $50,000,000
End of life demolition and Recycling $25,000000
Public and Products Liability $50,000,000