Risk management for therenewable energy sectorPlug into protection that’s as innovative as your technologies.

Aon Risk SolutionsPower | Renewable Energy

Risk. Reinsurance. Human Resources.

We speak your language.

Our global presence and extensive exper-ience allow us to provide the best poss- ible service for all players. For any pro- ject. At any location. In any language.

The renewable energy sector has long been a major economic factor. A market characterised by innovation and investment. Involving all manner of stakeholders in a host of different guises: from project developers to investors, from manufact- urers to operators. All stakeholders know that they work in an industry where issues such grid expansion, plant efficiency, energy storage systems and con-sumption models are closely intertwined. Where risks are often hard to evaluate. And where policy frameworks and key regulations are subject to frequent change. Or where the rate of technological development can mean that long-term plans and calculations are simply overtaken by events. In addition, high cost pressures caused by falling revenues can mean that existing operations are no longer suffi- ciently profitable, making innovation essential. Aon is familiar with the many challenges facing the various stakeholders. But we don’t just offer you extensive industry expertise or knowledge of the specific requirements of those operating in this market. With our specialist team from all relevant fields, we’re here to support you – giving your project the security it needs.

Your projects secure the future. We secure your projects.

From advice to protection: We’ve got it all covered.

The success or failure of a project depends on many factors. We identify those factors and make them work to your advantage. We do it by calling on a dedicated team of over 200 experts, based in 120 countries and specialising in a wide range of fields. These experts identify, assess and cover the risks involved in sustainable power generation. Over 1,500 clients from the power industry worldwide have already placed their trust in the quality of our service. This represents over 69 gigawatts of installed renewable energy capacity insured through Aon.

• Experienced in all technologies involved in renewable energy

• Extensive expertise with international insur- ance programmes and specific insurance requirements in foreign countries

• Bespoke renewable energy risk advice; develop- ment of tailor-made insurance solutions

• Professional team of engineers to help you achieve your objectives

• In-depth contractual allocation analysis and due diligence reports

• Comprehensive risk assessment and analysis, e.g. estimated maximum loss studies to qualify risks

• Support in contractual negotiations on risk- related aspects of supply contracts and contracts for services

• Advice on alternative risk transfer mechanisms, e.g. use of captives

• Team of specialists: e.g. engineers for on- and offshore operations (including suitability testing), lawyers, marine engineers

• Extensive experience of processing major claims

• Access to international insurance markets via the Aon network

• A central point of contact, coordinating your interests worldwide

• First-class cover concepts based on extensive experience and knowledge of the latest tech- nical developments

• Optimum insurance strategy for your project based on in-depth market know-how

Key benefits of engaging our team

Manufacturers and suppliers

Investors and banks

Because you want to guarantee your product’s performance.

Because you need to secure your investment throughout the project life cycle.

Special insurance solutions that go beyond tradi-tional liability and property damage covers are essential for manufacturers and suppliers. Whether you’re involved in wind turbines, solar modules, biogas or geothermal plants, storage technolo-gies or grids: long warranties or servicing and maintenance contracts can put a heavy burden on your company’s balance sheet. This requires adequate, sustainable protection.

Key benefits of engaging our team• Improved security, planning ability and

creditworthiness by easing the burden on your capital requirements and covering your guarantee liabilities

• Special concepts for the coverage of prop-erty damage or the failure to achieve/comply with availabilities (cover for financial risks under servicing and maintenance contracts)

• Insurance solutions to complement servicing and maintenance contracts for your customers

• Protection for prototypes

Renewable energy projects continue to offer investors lucrative earnings. However, constant increases in the size of projects and the rapid pace of technological advance also mean that risks are often difficult to quantify. That’s why we’re able to support projects from a very early stage, ahead of any investment decisions. We can offer you analysis or advice on the coverage of risks from the pre-construction phase right through to commissioning. What’s more, we ensure that the interests of investors and banks are adequately protected by specially designed insurance solutions.

Key benefits of engaging our team• Protection of property, yields and earnings

(loss of profits) by terms of insurance specially negotiated and developed for you

• Pre-investment advice (due diligence)• Benchmarking of insurance concepts • Protection of the interests of investors and

banks via modern insurance concepts designed to achieve bankability

We offer intelligent risk management. Focussing not only on your risks. But also on your specific cover requirements.

Who for, and why? Our offer at a glance.

Service/maintenance and operations and management companies

Project developers and turnkey contractors

Because you want your risks to be quantifiable.

Because time should not cost money.

The constant increase in installed capacity for renewable energy creates huge poten- tial in the market for service, maintenance, operations and management companies. However, the risks are just as great as long-term contracts go hand in hand with long-term performance obligations. Often, this also involves commitments regarding the technical availabilities of plants. With our expertise and highly effective forms of protection, we can help you exploit the potential and minimise the risks.

Key benefits of engaging our team• Cover for commercial and technical

operating and management risks• Optimum servicing and maintenance

contracts through advice on risks and insurance

• Special concepts to cover property damage or non-achievement of/non-compliance with availabilities

• Insurance solutions to accompany your customers’ servicing and maintenance contracts

Time pressure is a painful but inevitable fea- ture of any construction project. The worst possible scenario is a loss resulting in con- struction delays and a substantial increase in costs. Providing intelligent solutions to protect against this significantly reduces the financial risks. Our tailor-made cover con- cepts for the planning and pre-construction phases of your project offer you extensive protection.

Key benefits of engaging our team• Support for the entire project life cycle

starting at the planning phase• Liaison with insurers on risk-related aspects

of the project• Insurance concepts tailored to the specific

requirements of all parties involved in the project

• Examination of all insurance covers sub- mitted by all parties involved (planners, main contractors and subcontractors)

• Advice on risk-related aspects of supply contracts and contracts for services

Risk. Reinsurance. Human Resources.

About Aon Aon is the leading global provider of risk management, insurance and reinsurance brokerage and human resources solutions. Our work is based on a comprehensive understanding of risk, opportunity and potential. Our expertise encompasses the unique needs of all regions, markets, sectors and target groups. We aim to offer you customised solutions based on in-depth analysis, so you always achieve your goals. We have more than 72,000 skilled employees dedicated to achieving this aim in over 120 countries, 1,700 of them based at eight locations in Germany.

Aon Risk SolutionsPower | Renewable Energy

Caffamacherreihe 1620355 Hamburg

+49 40 3605-0 power@aon.de

aon.de/renewable-energy

Aon Risk Solutions is a division of Aon Versicherungsmakler Deutschland GmbH Registered office: Hamburg | Commercial register number: Hamburg HRB 16824 Caffamacherreihe 16 | 20355 Hamburg

Registered insurance broker in accordance with § 34d (1) Intermediaries register number (German Industrial Code/Gewerbeordnung): D-9F23_QP4LO-94 www.vermittlungsregister.org | 09.2016