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CASE STUDY 26:                 GLOBAL – insurance4renewables

 Barriers                Lack of specific insurance product for renewable projects

 Instrument              Tailored financial risk management

 Application             n/a

 Amount                  n/a


PROJECT BACKGROUND AND OBJECTIVES                            OUTCOMES
UNEP and GEF along with CarbonRe, an insurance               Project developers for renewable energy can obtain
broker specialising in renewable energy projects,            tailored insurance for their projects.
initiated the creation of insurance4renewable to provide
tailored financial risk management instruments for
renewable energy projects especially in developing
countries.

INSTRUMENTS USED
insurance4renewables provides traditional insurance
products for a broad spectrum of renewable energy
projects, including wind power, photovoltaic, solar
thermal, biomass and biogas systems in every phase of
construction and operation. The facility also offers
innovative covers on a case-by-case basis, such as
carbon counterparty credit risk insurance, carbon all risk
insurance, carbon delivery guarantee insurance/Kyoto
Multi Risk Policy, and lack-of-sun/wind insurance.

INSTITUTIONAL ARRANGEMENTS
CarbonRe is the appointed broker to facilitate access to
relevant network partners: RSA Insurance Group and
Munich Re.




1 | R E F I N e www.worldbank.org/energy/refine