Insurance for Renewable Energies

The rapid expansion of the renewable energy sector promises a bright future. However, its highly specialised nature requires tailored insurance solutions and policies to effectively mitigate associated risks.

As the sector evolves, new risks emerge that, if not properly managed, can impact a company's profitability and long-term viability. A comprehensive risk management strategy is essential to ensuring business continuity and sustainability.

Specialised Insurance Solutions for the Renewable Energy Sector

At PIB Group Iberia, we are deeply committed to the energy sector. We are proud members of AEMER (Association of Renewable Energy Maintenance Companies) and ENERCLUSTER (Association of Companies in the Wind Energy Sector in Navarra), enabling us to provide expert risk management solutions for member companies. We offer exclusive insurance products specifically designed to meet their unique needs.

With extensive experience working with over 160 electricity distribution companies, energy traders, and market operators, as well as more than 300 photovoltaic installations, wind farms, biomass and cogeneration plants, and small-scale hydroelectric power stations, we have established ourselves as specialists in the design and management of insurance programmes across Spain, the European Union, and Latin America.

Key Coverages in Renewable Energy Insurance Plans

Companies in the renewable energy sector require highly specialised insurance products tailored to their unique technical and operational risks. We develop comprehensive insurance programmes that cover every stage of a project, from development and construction to operation and maintenance. Typical insurance products for this sector include the following (*).

All-risk construction and assembly insurance, including Advance Loss of Profits (ALOP)

Construction and assembly liability insurance

Transport insurance (Project Cargo)

Operational civil liability insurance

Operational damage, machinery breakdown, and loss of profits insurance

Surety bonds for public contracts in renewable energy

Professional indemnity insurance for engineering

Environmental liability insurance

(*) The information contained in this page is for information purposes only and does not constitute a binding offer. The definitive terms and conditions of any insurance coverage are detailed exclusively in the specific policy issued. In case of discrepancies, the conditions stipulated in the specific policy shall prevail.

PIB GROUP IBERIA

Ensures the security of your business

Don't leave the protection of your business to chance. Trust PIB Group Iberia to provide you with the peace of mind and security you need to achieve your business goals.