Renewable Energy Insurance

Last year, renewable energy production in the UK rose to its highest-ever levels. To date, in 2019, it is responsible for almost 40% of all energy production. Large-scale operations such as off-shore wind farms generate much of this energy. However, more and more smaller producers are playing their part in producing renewable energy. All of these require renewable energy insurance.

Farmers and landowners, for example, have begun building wind turbines on their land, while businesses are adding solar panels to their properties. At the same time, specialist companies are setting up focused on areas such as Anaerobic Digestion or Hydroelectric power. While this is all a positive for the planet, it can lead to problems for the companies involved if they don’t have the right insurance.

Types of Renewable Energy Insurance

There are different types of renewable energy, however, all of which need a different type of insurance. These include:

Anaerobic digestion
Geothermal
Micro Hydroelectric
Solar and PV
Wind turbines and wind farms.

Different insurance will probably be needed depending on whether the business is in the process or starting up or fully operational.