Renewable Energy

Renewable Energy and Sustainability

Risk Management and Insurance Solutions for the Renewable Energy Industry

At Risk Strategies Canada, we support the renewable energy sector with insurance programs built to address asset reliability, revenue certainty, and technology performance. Whether you’re developing solar, wind, hydro, battery storage, or hybrid systems, we design risk transfer solutions that align with your capital strategy and operational footprint.

Our specialists bring deep knowledge of renewable energy operations and a collaborative approach to insurance broking—ensuring your project benefits from best-in-class coverage terms, claims advocacy, and deep sector expertise.

What sets us apart is our specialized focus on renewable energy and our ability to craft fit-for-purpose insurance solutions that align with the financial structure, risk profile, and operational demands of complex, capital-intensive projects.

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industry challenges

Unique Challenges of Renewable & Sustainable Energy Sectors

The renewable and sustainable energy sectors face an evolving landscape of technical, regulatory, and financial challenges. Our team stays ahead of these shifts—delivering customized risk management and insurance solutions built for the pace and complexity of the energy transition.

Surging Demand and Rapid Development

Global demand for clean energy continues to accelerate, driven by electrification across transportation, industry, and infrastructure. With governments, utilities, and private enterprises advancing decarbonization plans, the sector is scaling faster than ever.

While solar and wind remain foundational, government incentives and investor pressure are driving adoption of emerging technologies like battery storage, hydrogen, and carbon capture. These innovations introduce new layers of technical, contractual, and construction-related risk—requiring expert guidance and tailored coverage strategies.

risk assessment

The importance of risk management

As governments, power producers, and investors push toward ambitious climate targets, renewable energy deal volume is surging. But rapid growth brings complexity—aging infrastructure, evolving technologies, and tighter performance expectations all introduce new layers of risk.

To ensure financial and operational resilience, energy companies must prioritize robust risk identification, assessment, and mitigation. Long-term asset viability increasingly depends on decisions made today—around O&M protocols, contractor vetting, system upgrades, and risk transfer strategies.

Strategic risk management for long-term performance

Risk Strategies Canada partners with energy sector clients to evaluate exposures, implement effective risk controls, and transfer residual risks. From early-stage development to operational optimization, we help protect revenue, reduce volatility, and build confidence with investors, lenders, and regulators.

insurance

Coverages we can offer:

We offer insurance solutions and services tailored to both construction and operational risks in the Renewable & Sustainable Energy Sectors, which include:

Operational Insurance

All-risk Property and Machinery Breakdown (incl. Business Interruption)
Commercial General Liability
Umbrella and Excess Liability

Construction Insurance

Builders’ Risk (incl. Delay in Start-Up/ Business Interruption)
Project Wrap-Up Liability

insurance

We can also offer the following coverages:

Operational Risks

Business disruptions and loss of revenue
Cyber and privacy
Damage to Physical Assets
Design, construction and testing/commissioning risks
Employment practices and workplace safety
Environmental risks
Fraud/theft
General operation and maintenance risks
Liability and legal risks
Natural hazard and weather-related risks
Political, policy and regulatory risks
Reputational risks

Other Insurance

Automobile Insurance
Business Travel and War
Cargo/Marine
Crime
Cyber Risk
Directors & Officers Liability
Errors & Omissions
Fiduciary
Fine Arts
Hostile Environment Crisis
Kidnap and Ransom Liability
Mobile/Contractors’ Equipment
Personal Accident
Political Risk and Structured Credit Insurance
Political Violence Insurance
Pollution and Environmental Liability
Reclamation Bonds
US Worker’s Compensation and Employer’s Liability

Why work with us?

Engineering, Procurement and Construction (ECPS)

Whether offering full Engineering, Procurement and Construction services, or any one of those three pieces, you are expected to take on liabilities. We understand the contractual obligations and how to manage complex claims involving multiple parties. With access to independent engineers, top rated bonding companies worldwide and claims expertise, we are your natural risk management partner.

International

We have access to all major insurance markets worldwide, including Underwriters at Lloyd’s of London via the HWI London office.

3 investors in front of projector screen icon

Owners and Investors

From owning a single generation asset to a portfolio of assets in the power sector, renewables face their own unique challenges. Let us help you protect your hard assets and potential liabilities; walk you through O&M best practices, assist in mitigating downtime and insure for curtailment or unscheduled maintenance; even analyze when weather hedge can be used. Working with clients' legal counsel, our experts are often brought in to review contracts and asset management agreements. Our loss control services can assist in due diligence to avoid any future losses, uninsured downtimes and other pitfalls.