Renewable energy insurance Romania and Europe
Insurance & Risk Advisory for Renewable Energy Projects
Specialized insurance structuring for PV, BESS, EPC and energy infrastructure projects - from development and construction to operation, financing and transactions.
Renewable energy projects are not insured properly by simply buying a standard policy. PV, BESS and EPC projects require a structured insurance approach aligned with the project contracts, construction risks, financing requirements, grid connection obligations and long-term operational exposure.
We help project owners, developers, investors, EPC contractors and lenders identify the relevant insurance requirements, obtain market quotations and structure insurance coverage that supports project execution, financing and bankability.
PV · BESS · EPC · Grid Connection · Project Finance · M&A · Operational Assets
Insurance services
Specialist insurance support across the renewable project lifecycle
Each area below can be handled as a focused quotation request, contract review, lender support task or risk advisory mandate.
Construction / EPC
Construction and EPC insurance advisory for renewable energy projects, including CAR/EAR, third-party liability, testing, commissioning, EPC clauses and contractor obligations.
Review this coverBESS Insurance
BESS insurance advisory for battery containers, PCS, EMS, SCADA, fire risk, cyber exposure, DSU/BI, warranties and insurer appetite.
Review this coverSolar / PV
Solar and PV insurance advisory for project construction, operational assets, modules, inverters, business interruption, weather exposure and O&M obligations.
Review this coverCargo / Transport
Cargo and transport insurance advisory for imported renewable energy equipment, transit damage, Incoterms, handover points, delays and high-value shipments.
Review this coverLender & Investor Review
Insurance due diligence for renewable energy financing, acquisitions and investor review, including bankability, endorsements, loss payee, assignment and lender requirements.
Review this coverConnected services
Insurance works best when it is connected to procurement and acquisition decisions.
Project insurance is shaped by equipment choices, supplier documentation, warranties, cargo routes, lender requirements and transaction timing.
BESS / PCS / Storage Procurement
Connect BESS insurance review with battery containers, PCS, EMS/SCADA, fire systems, warranties and supplier documentation.
Open related serviceEquipment Procurement
Coordinate procurement decisions with insurance requirements around cargo, warranties, testing, commissioning and operational readiness.
Open related serviceProject Acquisition Due Diligence
Use insurance due diligence as part of bankability, acquisition review, lender conditions and closing preparation.
Open related serviceWho we support
Built for renewable energy decision-makers, not generic policy buyers.
Project Developers
For early-stage, RTB or construction-ready PV, BESS and hybrid projects requiring insurance planning, contract review and bankability support.
Investors & Buyers
For investors acquiring renewable energy projects who need insurance due diligence, risk review and post-acquisition coverage structuring.
EPC Contractors
For contractors required to evidence construction, erection, liability, professional indemnity or equipment-related insurance under EPC contracts.
Asset Owners & Operators
For operational PV/BESS assets requiring property, business interruption, liability, cyber and ongoing renewal management.
Lenders & Financing Parties
For projects where insurance must satisfy bankability, security, assignment, loss-payee or financing document requirements.
Why insurance matters
Insurance is part of project risk allocation, financing structure and commercial bankability.
In renewable energy, insurance is not only an administrative requirement. A poorly structured policy may leave the project exposed precisely when protection is needed most: during transport, construction, testing, grid connection, commissioning, operation or a major loss event.
Insurance solutions
Insurance Solutions for PV, BESS and Energy Infrastructure Projects
Each insurance line must be tested against the project phase, contracts, equipment, financing documents and insurer underwriting appetite.
Construction All Risks / Erection All Risks - CAR / EAR
- What it covers
- Physical loss or damage during construction, erection, installation, testing and commissioning of project works and equipment.
- Why it matters
- This is usually one of the core policies required during construction. It protects the project during the most exposed phase, when equipment is being transported, installed, connected and tested.
Third Party Liability
- What it covers
- Liability for bodily injury, property damage or other third-party claims arising from project activities.
- Why it matters
- Construction and operation of energy projects may affect neighboring land, roads, contractors, grid infrastructure or third parties. Liability coverage is often required under EPC, lease, grid or financing arrangements.
Marine Cargo / Transport Insurance
- What it covers
- Equipment during international and domestic transport, including solar panels, batteries, inverters, transformers, switchgear and other project components.
- Why it matters
- RES equipment is often imported and moved through complex logistics chains. Damage during transport can delay construction, trigger contractual penalties and create significant replacement costs.
Delay in Start-Up / Advanced Loss of Profits
- What it covers
- Certain financial losses caused by insured physical damage that delays project completion or commercial operation.
- Why it matters
- For financed projects, a delay in COD can affect revenue, debt service, project IRR and investor expectations. DSU/ALOP can be highly relevant for bankable projects.
Operational Property All Risks
- What it covers
- Physical damage to the operational asset after commissioning, including key equipment and infrastructure.
- Why it matters
- Once the project is operational, the risk profile changes from construction risk to asset protection, availability and revenue continuity.
Business Interruption
- What it covers
- Loss of income following insured physical damage that interrupts or reduces project operation.
- Why it matters
- For operational PV/BESS assets, physical damage is not the only risk. Lost revenue can be equally important, especially for financed or revenue-backed projects.
Machinery Breakdown / Equipment Breakdown
- What it covers
- Sudden and accidental breakdown of machinery or electrical equipment, depending on policy terms.
- Why it matters
- Transformers, inverters, BESS systems, HVAC, EMS and electrical infrastructure are critical to project availability and revenue generation.
Professional Indemnity
- What it covers
- Professional liability related to design, engineering, consulting or technical services, depending on the insured party and policy scope.
- Why it matters
- Technical errors in design, engineering, yield assumptions, grid integration or specifications may create significant losses or disputes.
Directors & Officers - D&O
- What it covers
- Management liability for directors and officers, subject to policy terms.
- Why it matters
- Investors, SPVs, developers and management teams may face claims connected to governance, financing, disclosures, project decisions or stakeholder disputes.
Cyber Insurance
- What it covers
- Certain cyber incidents, data breaches, business interruption or cyber-related liabilities, depending on the policy.
- Why it matters
- Modern PV and BESS projects rely on EMS, SCADA, remote control, metering, communication systems and market interfaces. Cyber risk is increasingly relevant for energy assets.
Environmental Liability
- What it covers
- Certain environmental damage, pollution events or remediation costs, depending on policy wording.
- Why it matters
- Energy projects interact with land, permits, construction activities, batteries, electrical systems and environmental obligations.
Employer's Liability / Workers' Compensation Related Coverage
- What it covers
- Certain liabilities related to employees, workers or contractors, depending on jurisdiction and policy.
- Why it matters
- Construction sites involve multiple contractors, subcontractors and technical teams. Workforce-related claims may become material.
Performance Bonds / Guarantees Support
- What it covers
- We may assist clients in identifying potential insurance or surety-related solutions for contractual guarantees, advance payment obligations, performance obligations or warranty obligations, where available and subject to market appetite.
- Why it matters
- Many EPC, procurement and project contracts require guarantees. Availability depends on the project, counterparty, jurisdiction, financial profile and insurer or surety appetite.
Project lifecycle
Insurance Across the Full Project Lifecycle
Development Phase
Insurance requirement mapping, land and contract risk review, lender and investor expectations, early project risk assessment.
Procurement & EPC Phase
Review of EPC insurance clauses, contractor obligations, insured parties, waivers of subrogation, deductibles, limits, exclusions and evidence of insurance.
Transport & Construction Phase
Marine cargo, CAR/EAR, liability, DSU/ALOP, contractor interface and project schedule risk.
Testing & Commissioning Phase
Coverage continuity during testing, grid connection, energization, trial operation and COD.
Operational Phase
Property all risks, business interruption, machinery breakdown, liability, cyber, D&O and annual renewal management.
Transaction / Financing Phase
Insurance due diligence, gap analysis, lender requirements, insurance certificates, assignment or loss-payee structures and transaction support.
Advisory-led brokerage
Why We Combine Insurance Brokerage with Risk Consultancy
For renewable energy projects, the main risk is not simply the lack of an insurance policy. The real risk is having a policy that does not match the project, the EPC contract, the financing documents or the actual technical exposure.
That is why our work begins before the quotation request. We first understand the project structure, contractual obligations, equipment, construction timeline, grid connection status, financing requirements and operational model. Then we translate that risk profile into an insurance strategy.
Standard Broker Approach
- Asks for basic company data.
- Requests a quick quote.
- Focuses mainly on premium price.
- May not review EPC or financing requirements.
- May not identify gaps between contracts and coverage.
- Limited support during claims or renewals.
Our Advisory-Led Approach
- Reviews the project structure and risk profile.
- Identifies required insurance lines.
- Checks EPC, O&M, financing and transaction requirements.
- Prepares a structured quotation request.
- Compares coverage, exclusions, deductibles and limits.
- Supports negotiation with insurers.
- Helps with certificates, endorsements and renewals.
- Assists in discussions with banks, investors and counterparties.
How we help
How We Help Clients Obtain the Right Coverage
Project Risk Review
We review the project type, location, status, installed capacity, equipment, EPC structure, grid connection, permits, financing status and contractual requirements.
Insurance Requirement Mapping
We identify which policies are relevant and which are required by contracts, lenders, investors, landlords, EPC contractors or counterparties.
Quotation Package Preparation
We prepare the information package needed for insurers and brokers to assess the project properly.
Market Approach & Quotation Collection
We coordinate quotation requests through the appropriate insurance market channels and help compare available options.
Coverage Analysis
We analyze premium, limits, deductibles, exclusions, insured parties, territorial scope, policy period, extensions and bankability requirements.
Negotiation & Placement Support
We help negotiate coverage improvements and support the placement process.
Ongoing Support
We assist with renewals, endorsements, claims coordination, project changes, lender requests and operational updates.
Request quotation
Request a Tailored Insurance Quotation
Tell us about your project and we will help you identify the relevant insurance structure and obtain a tailored quotation.
Useful documents include EPC insurance clauses, lender requirements, O&M insurance clauses, project summary, technical memorandum or due diligence request list.
Why work with us
Insurance advice aligned with the way renewable energy projects are financed, built and operated.
Energy-Specific Understanding
We understand the commercial, technical and legal structure of PV, BESS and energy infrastructure projects.
Contract-Aware Insurance Review
We help align insurance coverage with EPC, O&M, financing, acquisition and operational requirements.
Bankability Focus
We understand that insurance is often a condition for financing, closing, construction or operation.
Coverage Over Price
We compare not only premiums, but also exclusions, deductibles, limits, extensions and insured party structures.
Support Beyond Placement
We remain involved during renewals, claims, endorsements, project changes and investor or lender requests.
Use cases
Typical Situations Where Clients Need Us
A PV developer preparing for EPC execution.
A BESS project seeking financing.
An investor acquiring a renewable energy SPV.
An EPC contractor required to evidence insurance under contract.
A project owner preparing for COD.
An operational asset owner reviewing renewal terms.
A lender asking for insurance certificates and policy endorsements.
A buyer conducting insurance due diligence before closing.
Project insurance review
Need insurance for a PV, BESS or renewable energy project?
We can help you understand what coverage is required, what the market can offer and how to structure the insurance package in a way that supports the project - not just ticks a box.