Renewables

Chadwicks offers customized insurance solutions that enable renewable energy projects to thrive across their lifecycle.

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Insurance Solutions for South Africa’s Renewable Energy Sector

South Africa’s renewable energy sector is rapidly evolving, fueled by government incentives like the REIPPPP and growing private investment.

Chadwicks offers customized insurance solutions that enable renewable energy projects to thrive across their lifecycle.

Specialized Products for Renewable Technologies

Our cover extends to the unique risks associated with:

Solar Energy: Panel degradation, hail damage, irradiation shortfalls.

Wind Energy: Turbine failure, lightning damage, performance loss.

Hybrid Systems: Integrated cover for solar-plus-storage or mixed technology setups.

The Unique Risk Landscape of Renewable Energy Projects

From development and construction to long term operations, renewable projects face a complex array of risks.
Our insurance solutions are designed to meet these evolving needs at every phase.

Development Phase Cover

Environmental liability: Protection against ecosystem damage or contamination during early project stages.

Construction Phase Cover

Delay in Start-Up (DSU): Compensation for revenue loss due to project delays caused by extreme weather, supply chain disruptions or contractor issues.

Material damage: Cover for property, machinery or equipment damage during construction.

Marine transit: Protection for imported components damaged or delayed in shipping.

Third Party liability: Covers bodily injury or property damage to others caused during construction.

Operational Phase Cover

Operational Risks: Protection against events like fire, flood, hail, theft and vandalism.

Business interruption: Revenue protection for downtime resulting from insured operational disruptions.

Environmental Liability: Ongoing risk of pollution, waste mishandling or habitat disruption.

Performance Warranty Insurance: Backing for equipment output guarantees or performance thresholds (usually a standalone policy).

Cyber Insurance: Cover for cyberattacks on IoT-enabled systems or smart grids (usually a standalone policy).

Equipment Breakdown: Repair or replacement cover for critical infrastructure.

Third Party Liability: Legal liability for injuries or property damage during ongoing operations.

Final Note

This comprehensive insurance framework ensures renewable energy developers and operators are equipped to manage both expected and emerging risks.

Chadwicks stands ready to deliver fit for purpose insurance solutions that support sustainable energy development in South Africa.

Please note that this is an overview of the types of insurance cover that may be available for renewable energy projects in South Africa. Cover is not guaranteed and is subject to underwriting assessment, policy terms and conditions and insurer acceptance. Please consult with a Chadwicks Risk Advisor for risk and insurance guidance specific to your project.

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