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Solutions

Onshore windfarm projects

Supporting more than 280 gigawatts of onshore wind projects worldwide, our team of global specialists understands the challenges you face and offers tailored risk management solutions at every stage of your project.

Comprehensive solutions

Access to global insurance markets, bespoke policy wording, and risk allocation strategies that suit your project partners and stakeholders.

Sophisticated risk modeling

Insightful data and proven proprietary modeling tools give you control and help optimize your total cost of risk.

Deep expertise

Our advisors, engineers, brokers, claims advocates, and finance and commercial specialists will help you manage complexity and stay in control of your project.

Wind energy is forecast to  become the world’s leading energy source by 2050, providing more than one-third of the planet’s electricity needs. Improving technology and economies of scale will continue to reduce the costs of wind power, positioning it to lead the global electricity sector transition.

The primary risk considerations for investors and insurance markets include:

  • Technology scale-up. Wind turbine technology is still evolving. Manufacturing often lags behind demand, and primary construction components and replacement parts for maintenance may require longer lead times.
  • Weather and environmental exposures. Windfarms are most affected by windstorm and lightning. Extreme weather or a natural catastrophe event can damage turbines or expose weaknesses of lightning protection systems.
  • Location. Land availability for onshore installations is increasingly scarce and developers are progressively locating their projects in unfamiliar or remote environments. This can mean:
    • Exposure to more frequent extreme weather or natural catastrophe events
    • Challenging site access and transport logistics
    • Limited availability of local contractors
    • Higher construction costs
  • Maintenance. Servicing and maintenance programs are critical to manage long-term risk issues for aging assets.
  • Contractor risks. Increasing demand for experienced contractors may lead to challenges in balancing project costs and the availability of labor. The claims history of chosen contractors can impact the insurability of a project or even policy deductibles and premiums.

Read our full guide on risk management solutions for onshore wind projects.

Marsh provides you with a tailored approach and comprehensive solutions

We understand that every project is unique. Our team will support you through each project milestone to optimize your risk management strategy.

Design

Position your project for success

  • Enginerring support
  • Technology analysis
  • Loss modeling
  • Stakeholder management
  • Insurance budgeting

Construction

Get it built

  • Supply chain analysis
  • Health & safety strategy
  • Operational insurances
  • Hand-over to operations

Operation

Protect your assets and your business

  • Risk management framenwork
  • Captive strategy
  • Loss limit reviews
  • Specialist claims services
  • Decommissioning planning

Decommissioning

Close it out responsibly

  • Risk and liability review
  • Ongoing insurance

Our people

Our global renewable energy team includes insurance advisors, risk engineers, brokers, claims advocates, project finance specialists, and former industry risk managers. Contact one of our onshore wind leaders for support.

Robert Hale

Robert Hale

Power & Renewable Energy Leader UK