Renewables

The energy transition has a lot of influence on insurance such as on construction policies for wind projects, marine policies for floating wind turbines and on fire property insurances for buildings with solar panels on the roof.

Wind on land

The upscaling of wind turbines continues. As a result, the market is regularly confronted with new type of claims. Anchor knows the developments in the market and provides an insurance package that meets the contractual obligations of the suppliers and maintenance companies. By combining the CAR and Machinery Breakdown Insurance, a seamless connection is realized between the construction, test and warranty period.

Wind on water

Anchor believes that an insurance package for an offshore wind project should also be valuable for the contractors involved. This prevents unnecessary costs as well as discussions after an incident resulting in delay in delivery. Costs of repair after an incident are relatively high because of the required ships and the influence of weather influences on the operation. Our insurances contribute to the successful financing, delivery and maintenance of the park.

Solar parcs

Anchor insures solar panels on roofs, but our specialists are also involved in large-scale landbased solar parks and even in the first solar panels installed at sea. Each type of solar park has its own technical challenges and insurance conditions that can be linked to this. In the operational phase, machinery breakdown insurance can be extended with business interruption cover including loss of subsidy.

Geothermal energy

When drilling geothermal wells, damage to the borehole can occur. The drilling equipment can also get stuck or even be lost in it. The drilling activities can cause nuisance to the environment for which the contractor often cannot be held liable. Anchor's insurances offer tailor-made coverage for drilling and operational risks that depends on the customer's will to bear risks themselves and the willingness of insurers to cover that.

Waste to energy

The market for 'waste to energy' projects is growing steadily. Due to disappointing results, insurers are critical of waste to energy projects if the risk of fire and explosion has not been sufficiently taken into account, especially in the test and operational phase. Involving Anchor in the design phase will ensure that your project is more easily insurable in the operational phase.

Hydrogen

Although the hydrogen market is still in its infancy, Anchor is already involved in the first concrete hydrogen projects during both the construction and operational phases. With the experience we have gained, new initiatives benefit from policy wording and negotiations with insurers.

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