Windpower Engineering & Development

  • Home
  • Articles
    • Most recent posts
    • News
    • Featured
  • Leadership
    • 2020 Winners
    • 2019 Winners
    • 2018 Winners
  • Resources
    • Digital issues
    • Podcasts
    • Suppliers
    • Wind Farm Map
    • Wind Turbine Selector Tool
    • Wind Power Videos
    • Webinars
    • Wind Power Events
  • Webinars
  • Videos
  • Subscribe
    • Magazine Subscription
    • Enewsletter Subscription
  • About Us

Defects coverage (insurance) for wind farms

By Kathie Zipp | June 9, 2011


Insurance provider GCube offers an Enhanced Defects Coverage program. The company says this program provides a realistic and dependable response to equipment upkeep and maintenance when no longer covered by a traditional manufacturer’s warranty.

The enhanced coverage comes at a critical time for the international wind energy industry as machinery warranties expire and wind farm owners and operators face increased maintenance and repair bills and further unexpected additional costs. To combat this, the program provides solid financial coverage, backed up by practical, hands-on support for a notoriously complex area of the wind energy market.

As part of the policy, wind farm owners and operators are covered for any unforeseen and unscheduled repairs associated with defective wind turbine parts, faulty workmanship and design and the longer-term cost of removal and repair. This depth of coverage, combined with a series of key oversight activities that take place at the end of the initial warranty period, makes this level of enhanced protection as robust as it is unique.

“Traditionally, large-scale project owners have relied on the original equipment manufacturers to take care of most unscheduled maintenance and turbine repair,”  says John McLane, President, GCube Insurance Services, Inc. “Once warranties expire, large scale project owners are faced with the question of whether to take on-going operations and maintenance activities in-house.” McLane explains that this can result in the need to address the unplanned and unexpectedly high maintenance and service costs, coupled with the logistical and financial headache associated with turbine inactivity, as machinery spends weeks, and sometimes months, offline. Enhanced Defects Coverage is designed to put a cap on those costs and protect the project’s incomes balance sheet. Working closely with the operations and maintenance (O & M) providers, the coverage program addresses this challenge and provides a realistic and affordable level of coverage to the owners and operators of established wind farms.

GCube  Insurance www.gcube-insurance.com

Tell Us What You Think! Cancel reply

Related Articles Read More >

Duke Energy Renewables adds alternative lifting services to wind turbine O&M offerings
Aerones pivots to ground-based robotic wind turbine inspections
Chartwell Marine, Bar Technologies unveil new offshore wind vessels
COVID-19 is leading to decreased wind turbine O&M costs and more efficient practices

Windpower Engineering & Development Digital Edition

Digital Edition

Browse the most current issue of Windpower Engineering & Development and back issues in an easy to use high quality format. Clip, share and download with the leading wind power engineering magazine today.

Webinars
Windpower Engineering & Development
  • Wind Articles
  • Subscribe to Windpower Engineering
  • Advertising
  • Contact Us/About Us

Copyright © 2021 WTWH Media, LLC. All Rights Reserved. Site Map | Privacy Policy | RSS

Search Windpower Power Engineering & Development

  • Home
  • Articles
    • Most recent posts
    • News
    • Featured
  • Leadership
    • 2020 Winners
    • 2019 Winners
    • 2018 Winners
  • Resources
    • Digital issues
    • Podcasts
    • Suppliers
    • Wind Farm Map
    • Wind Turbine Selector Tool
    • Wind Power Videos
    • Webinars
    • Wind Power Events
  • Webinars
  • Videos
  • Subscribe
    • Magazine Subscription
    • Enewsletter Subscription
  • About Us