Wind energy claim submissions are often submitted with just one quote for repairs. This exclusive quote typically comes from the original equipment manufacturer (OEM). In other industries, such a submission would be considered inadequate. After all, it is common practice to obtain multiple quotes to ensure the repair is charged at a fair market price.…
Lack of battery energy storage standards threaten wind and solar projects, says GCUBE
As pressure placed on cutting the cost of clean energy increases, savings must not be found at the expense of an ongoing investment in critical design and construction specifications, the development and implementation of new industry standards, and the evolution of established checks. That is according to GCube Insurance Services, the leading provider of insurance…
GCube confirms Eastern European wind projects more bankable
As manufacturer and developer ambitions escalate, Eastern European wind energy projects are becoming increasingly ‘bankable.’ That is according to GCube, the leading provider of underwriting services for the renewable energy industry projects. The assertion comes as GCube announces that it will insure EP Global Energy’s development of an 80MW project in Chirnogeni, Constanta, Romania. The…
Technical innovation key to U.S. offshore wind
The success of the North American offshore renewable energy industry will depend as much on future, sustained investment in technological innovation, as it will on backing offshore power projects. A provider of underwriting services for renewable energy projects, GCube, has collaborated with Seattle-based renewable energy technology developer, Principle Power, to underwrite the firm’s pioneering floating…
Enhanced defects coverage for established wind farms
An insurance company focused on renewable-energy projects has launched an Enhanced Defects Coverage program. This provides a realistic and dependable response to equipment upkeep and maintenance when no longer covered by a traditional manufacturer’s warranty. Enhanced coverage comes at a critical time for the international wind energy industry as machinery warranties expire and wind-farm owners…
Defects coverage (insurance) for wind farms
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.
Wind work in Romania
With Eastern Europe enjoying a construction boom in the wind energy sector, smaller farms like a 10-MW project in the Romanian village of Baia are providing a model for future development in the country. Investors, developers, and operators continue to familiarize themselves with smaller-scale projects that involve less risk.