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Global Renewable Energy Centres of Excellence

Articles / Eco-business
Posted by gfoat on Oct 17, 2008 - 08:17 AM

RSA, one of the world’s leading renewable energy insurers, has further enhanced its global renewable energy division by today announcing the launch of its ‘Centres of Excellence’. The centres will be based in the UK, Canada and Denmark. The three ‘Centres of Excellence’ have been established to support 20 renewable energy teams around the world. Acting as global hubs to regional development teams, the centres provide underwriting, claims and risk management support and provide a one-stop insurance solution for clients.

The ‘Centre of Excellence for Bioenergy & Solar Energy’, is based in London and will be led by Steve Kelly, RSA’s Global Leader for Bioenergy. The team will provide insurance solutions to clients and brokers across these industries and support our renewable energy teams around the world. Biomass currently contributes 10% to global energy consumption with plans for further developments. The solar industry has doubled in size over the past two years with record levels of investment being seen, predominantly in Europe and North America.

The ‘Centre of Excellence for Small Hydro Renewable Energy’, based in Toronto, is designed to specifically address the needs of the global small hydro power industry and will be led by Dan Johns, Global Leader for Hydro Energy Insurance. Small Hydro power* has been providing sustainable, renewable energy globally for more than a century. It is proven technology which is why it is an attractive proposition for those with the required expertise and capabilities.

The ‘Centre of Excellence for Wind Energy’, based in Copenhagen will be led by Niels Kragelund, Global Leader for Wind Energy Insurance. Wind power is now established as a credible alternative energy source. Globally it is growing at over 20% per year, making wind energy the largest and fastest growing renewable energy sector.

Over 40% of the wind turbines installed around the world come from Denmark and our team there have been insuring them right from the beginning. RSA insured the world’s first offshore wind farm and is the only UK insurer accredited to access wind turbines for inspection.

Ken Norgrove, CEO Renewable Energy at RSA, commented: “Worldwide energy demands are expected to increase by 50% over the next 20 years and the renewable energy industry is evolving rapidly to meet these needs. We’ve been talking and listening to our brokers and customers and have expanded our regional renewable energy capability in direct response to a growing demand for global solutions. We’ve worked with these customers from around the world to ensure that we can cover the diverse insurance needs of the renewable energy industry.”

RSA has been a leader in the renewables sector for over 30 years, providing solutions for wind energy, solar, hydro, biomass and waste to energy businesses and projects.

- ENDS-

Notes

RSA can provide its renewable energy customers with:

  • Seamless cover from planning and transportation through to construction and operation.
  • Protection against a wide range of risks from project delays and mechanical breakdown through to storm damage and lightning strikes.
  • Cover for component and manufacturer’s premises, equipment and plant.
  • Cover for specialist contractors e.g. heavy lifting equipment.
  • Access to a 24 hours claims service.
  • Specialist engineers and loss adjustors focusing on risk management and efficient claims resolution.

    * The definition of Small Hydro varies globally. At RSA we generally consider it to be 50MW or less. A 1MW hydro plant can provide electricity for about 750 homes providing a viable solution to rising energy demands.


    About RSA

    With an almost 300 year heritage, RSA [1] is one of the world’s leading multinational quoted insurance groups. It has the capability to write business in over 130 countries and with major operations in the UK, Scandinavia, Canada, Ireland, Asia and the Middle East and Latin America. Focusing on general insurance, it has around 22,000 employees and, in 2007, its net written premiums were £5.8bn.




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