Renewable Energy Insurance

Insurance in renewable energy is vital as it provides financial protection against unforeseen risks and damages, thus enabling the sustainable and confident growth of this crucial industry in our global shift towards a greener future.

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Fastest Growing Energy Source

Wind, solar, hydro – these aren’t just buzzwords anymore. They’ve become substantial components of the US energy market, outpacing traditional sources in terms of growth. In fact, according to the US Energy Information Administration, renewable energy is projected to be the fastest-growing source of electricity generation for at least the next two years.

Complexities of the Landscape

But the rapid growth of renewables doesn’t come without its challenges. The landscape is becoming increasingly complex, with obstacles ranging from technological hurdles to supply chain issues, regulatory changes, and even the impact of extreme weather events.

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Solar Energy Insurance

Wind Energy Insurance

Energy Efficiency Insurance

Battery Storage Insurance

Carbon Capture Insurance

Waste to Energy Insurance

Solar Surety Bonds

Challenges in the Renewable Energy Sector

It’s not all smooth sailing in the renewable energy sector. Several challenges need to be tackled head-on for the industry to continue thriving.

Technological Advancements

As the sector grows, so does the need for technological advancements. New technologies must be developed and integrated into existing systems to improve efficiency and reliability.

Supply Chain Complexities

Similarly, as the scale of renewable energy production grows, the supply chains associated with it become more complex. From sourcing materials to transporting finished products, the entire supply chain must be managed effectively to avoid delays or disruptions

Extreme Weather Events

Moreover, the rise in extreme weather events, attributed to climate change, poses a significant challenge. These events can cause damage to infrastructure, disrupt operations, and increase costs.

Shifting Regulatory Requirements

Regulatory requirements are also constantly changing, creating an additional layer of complexity for renewable energy companies. It’s crucial for companies to stay on top of these changes to ensure compliance and avoid penalties.

Very responsive staff, quick turnaround time when responding to our email inquiries. Really enjoy working with the individuals on the Horton Team. They’ve been a big help while my company’s been in a transition period. The extra support has been very helpful.

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Experience to get you there.

Tailored Energy Strategies

Experienced brokers can play a crucial role in guiding renewable energy companies through this complex risk landscape. With over 50 years of experience, our team can help you develop and implement effective risk management strategies.

Mature risk management goes hand-in-hand with customization. Strategies must be tailored to each company’s unique needs and risks.

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Insurance Program Design & Placement

Our team, armed with deep industry knowledge, designs bespoke insurance solutions to mitigate risks unique to renewables. From solar and wind farms to hydroelectric plants, we help secure optimal coverage, manage risks effectively, and enable sustainable growth.

Risk Management Consulting

With our strategic advice, you can confidently tackle challenges from supply chain complexities to regulatory shifts and extreme weather impacts. Partner with us to build resilience, enhance performance, and drive sustainable growth in the renewables sector

Contract Review

From supply chain contracts to regulatory compliance, we help you navigate the intricacies of legal frameworks in the renewable energy industry. Trust us to provide thorough, insightful contract reviews that underpin successful operations and sustainable growth.

Commercial and Contract Surety Bonds

We provide comprehensive surety solutions to guarantee performance, ensure contractual compliance, and protect against financial risks. Whether it’s a wind farm installation or solar panel supply contract, our surety bonds offer the security you need to operate with confidence.

Natural Catastrophe Modeling

We harness cutting-edge technology to simulate potential disaster scenarios and assess their potential impact on your operations. From hurricane damage to solar farms to flood risks for hydroelectric plants, our robust modeling techniques offer invaluable insights.

Project Development Consulting

We provide strategic guidance throughout the lifecycle of your projects, from initial planning and feasibility studies to implementation and commissioning. Our team of experts, well-versed in renewable technologies and market trends, can help you overcome hurdles, optimize processes, and ensure your projects’ success.

Alternative Risk Program Design & Consulting

Our team crafts unique, tailored strategies to manage unconventional risks, enabling you to tackle the evolving challenges in renewable energy. We help you think outside the traditional insurance box, providing effective solutions for risk retention, risk transfer, and more.

Loss Control Engineering

We identify and assess potential risks in your operations, from equipment failure to process inefficiencies, and provide strategic solutions to prevent losses. Our team uses cutting-edge engineering principles to help you enhance safety, improve operational efficiency, and protect your bottom line.

Claims Advocacy

Our experienced team guides you through the complex claims process, advocating for your rights and ensuring fair settlements. Whether it’s damage from a natural catastrophe or an operational disruption, we’re dedicated to getting you back on your feet as quickly as possible.

Project Finance Advocacy

Our expert team provides strategic advice to secure financing, navigating the complexities of renewable energy economics. From due diligence to financial model reviews, we help you showcase your project’s potential to lenders and investors.

Outsourced Risk Management

Renewable Energy Insurance

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Commercial Surety Bonds

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How might emerging technologies in the solar industry impact solar surety bonds?

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Tim Graham

Executive Vice President

Brian Lydigsen

Executive Vice President

David Roth

Practice Group Leader / Surety

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Find out how our services can assist you in becoming better prepared and protected for what comes next.

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