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ACE releases report examining risk management strategies for renewable energy projects

Friday, Dec 21, 2012

ACE USA, the U.S.-based retail operations of the ACE Group, today announced the availability of a new white paper exploring the insurance and risk management issues facing the renewable energy industry during new project development. This new report explains the importance of effective and proactive risk management strategies, throughout a project lifecycle.

“Renewable Energy: the Right Risk Partner Makes the Difference”

“Renewable Energy: the Right Risk Partner Makes the Difference,” was authored by Darren Small, Vice President and Underwriting Manager, ACE USA National Custom Casualty Energy. “As renewable energy sources continue to play an increasingly significant role in producing sustainable energy for the world’s use, our goal is to provide risk management guidance and seamless insurance coverage throughout a project’s lifecycle. This paper addresses the crucial steps in appropriately identifying, managing, controlling and transferring risk, and partnering with experts to manage emerging renewable energy risks right from the planning stage, through construction and into the operational phase,” said Mr. Small.

The paper also provides information on the current growth of renewable and alternative energy sources such as wind, solar, biofuels and biomass, waste to energy and hydro projects. According to Mr. Small, “there is no shortage of risks in renewable energy. As renewable sources continue to grow, recognizing, defining and dealing with renewable energy risks will remain a priority. With the right risk partner, renewable projects can achieve comprehensive risk management and seamless risk transfer which will help facilitate successful project rollouts and support long-term production continuity.”

To access the report, please visit our website. The material presented in this report is not intended to provide legal or other expert advice. It is presented as information only. Readers should consult legal counsel or other experts, as applicable, with any specific questions they may have.

Source: Business Wire

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