About the product/service
AXIS Insurance’s Renewable Energy Team provides specialised property and casualty coverage for every stage of an offshore 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.
Supporting greener outcomes
Offshore 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 onshore 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.
Enabling customers today
In addition to supporting the majority of offshore wind projects globally, AXIS has also supported the growth of the burgeoning floating offshore wind industry. According to trade group WindEurope, 80% of all offshore wind resource is in waters deeper than 60ft, giving floating wind huge potential. To reach this potential the floating wind industry will need insurance markets with experience of novel technologies, and the understanding of different geographical markets. The AXIS Renewable Energy team has a decade-long track record of support for the offshore wind industry, which will continue with floating wind.
Contacts
- Jamie Flemming Senior Underwriter, Renewable Energy Jamie.Fleming@axiscapital.com
