Renewables

Overview

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 Risk Landscape

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

Development Phase Cover

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

Construction Phase

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

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.

General Information Only

Chadwicks provides general information about insurance. The cover suitable for you depends on your contractual responsibilities and specific risks and is determined by the policy wording, schedule and endorsements, including all relevant terms, conditions, exclusions and limits. Please review these documents with your broker or insurer before making any insurance decisions.