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Renewable Energy

Insurance Solutions for the Renewable Energy Sector

HWI has extensive experience in advising and guiding clients on developing insurance solutions for renewable energy projects, both domestically and internationally.

We work collaboratively with various insurers to create and implement programs and policies tailored to our clients’ specific needs. Our insurance offerings cover a range of areas, including surety insurance, civil liability, material damage, and ALOP.

contact

Contact our expert

Juan Alberto García

Juan Alberto García

Director

+(34) 913 501 880 Email
Expertise

Our Solutions

Solar Energy

about Solar Energy

Underground and Railway

about Underground and Railway

Wind Power

about Wind Power
coverage

Local and international coverage

We have the necessary support to provide local and international coverage for the following types of insurance:

  • All Risks Construction and Assembly Insurance: Covering damage and material losses, with the option to extend coverage to Advance Loss of Profit (ALOP). This comprehensive insurance also includes transport in case of a claim and contractual guarantees to address potential design errors post-completion.
  • Inland and/or Maritime Transport Insurance: Safeguard against material disappearance, loss, or damage during transport.
  • Civil Liability Insurance: Encompassing construction period and operational phases for orchards/plants, including employer’s liability, subsidiary, cross liability, post-work, legal defence, and bonds.
  • Machinery Breakdown Insurance: Ensure the repair/replacement of machinery due to external breakdown or damage, including coverage for internal damage in specific cases.
  • All Risks Insurance for Material Damage: Protect the installation against material damage, with the option to include coverage for production/profit losses.
  • Financial Guarantees with Surety Insurance: Ensure financial security without affecting the Bank of Spain’s CIRBE, providing peace of mind for your renewable energy projects.

Our commitment is to collaborate closely with clients, providing support in the design, management, and contracting of policies. Rely on our professional team throughout the process to ensure your renewable energy projects are adequately covered with the necessary guarantees.

surety

Surety Bonds from different insurance providers

We can also provide surety bonds to different insurance providers for various purposes, including:

  1. Meeting the requirements of Public Administrations for a bond or guarantee that covers potential damages caused to public roads.
  2. Applying for Connection Points.
  3. Participating in auctions or competitions coordinated with MITECO (Ministry for the Ecological Transition and the Demographic Challenge). These typically involve securing access capacity to the transmission and distribution grid, and aligning with the criteria for awards stipulated in the Royal Decree.
  4. Providing Guarantees for Decommissioning, Performance Bond (EPC Guarantee), and Substation Tender Guarantees, among others.
  5. Providing Environmental guarantees, which may be required by law for priority 3 companies, subject to the regulations established by each Autonomous Community.

For more information about our solutions