What is the product?

AXIS Insurance’s Renewable Energy Team provides specialised property and casualty coverage for every stage of an onshore wind energy project from development through operation, on risks ranging from standalone projects to utility scale portfolios. We work together with project developers, operators, independent power producers, EPCs and utility companies around the globe.

How does it support green outcomes?

Onshore wind is a highly specialised industry. Specialisation has occurred due to the use of novel technologies and techniques which have reduced the cost of power production, making offshore wind a viable competitor to many legacy fossil fuels. The extensive experience of the AXIS Renewable Energy Team, has enabled project owners to invest in these new technologies and techniques, facilitating innovation while managing risk.

How does it enable customers today?

The AXIS Renewable Energy Team supports onshore wind globally, including the rapid growth in the North American market. According to The Clean Energy Association, 2020 saw a record year for the US, with 16.8GW of onshore wind. Increasingly complex new technologies have reduced the cost of onshore wind. The AXIS Renewable Energy Team has leveraged its knowledge of the technological complexities to support this market for over a decade.