FirstNRG Insurance Services is an insurance broker specializing in renewable energy insurance. They offer comprehensive insurance coverage for various parts of the renewable energy industry, including investors, developers, engineering companies, and owners/operators. Their insurance products cover issues like project liability, property damage, business interruption, and underperformance. They also provide specialized coverage for solar and wind power projects.
2. FirstNRG Insurance Services is a dedicated
insurance broker serving the renewable
energy industry worldwide. With over 19 years
of experience insuring major companies and
projects across the renewable energy industry,
we offer comprehensive and well structured
insurance coverage, backed by only ‘A’ rated
by A.M. Best and S&P carriers.
The Company
3. No matter what part of the renewable energy
industry you come from, we work with everyone
to secure their assets and investment.
• Investors
• Developers
• Engineering, Procurement,
Construction (EPC) companies
• Asset management companies
• Owner/operators
• O&M companies
Our Clients
4. Traditionally Available
Business Coverages
FirstNRG Insurance
Services Solar Shield
Liability
• Project General Liability
• Builders Risk/ CAR/ EAR
• Property Coverage for
Solar Installations
• Business Interruption/
Loss of Revenue
• Workers compensation
• Solar Production (MWh)
Guarantee/Revenue
Shortfall
• Reduced Yield
IrradiationCover
• Performance based
Incentive Coverage
• Financial Institutions’
Requirements Satisfaction
• Installation Defect
• Professional/ Errors and
Omissions
• Directors and Officers
• Employer’s Liability
• Umbrella - Auto and
Product Liability
Our Products and Services
5. • All Type of Bond Insurance
• Project General Liability
• Public and Employer’s
Liability Insurance
• D&O Liability Insurance
• Marine/Transport Insurance
• Builder’s All Risk Policy, including
Advance Loss of Income
• General Liability
• Employers Liability Insurance
• Workers Compensation
• Bond Insurance
• All Risks Policy, Business
Interruption;
• All Type Liabilities
• Under Performance of the
Solar Power Plant
• Warranty Bond
Development Construction Operational
Types of Solar Insurances
6. • Insured event: Loss of Production Event
Loss of Production is a reduction of the Actual PR* from the Projected PR*, but only when resulting in Actual Final Yield
being below the Insured Final Yield solely and directly as a consequence of one of the Loss of Production Insured Perils
*PR Performance Ratio
• Loss of Production Insured Perils
Only losses arising solely and directly from the following perils are covered for Loss of Production under the Policy:
a) PV Module performance losses due to Component Failure Insured Perils
b) Inverter performance losses due to Component Failure Insured Perils
c) String mismatch losses
d) Soiling losses (only included after submission and acceptance of O&M contract schedule and plan)
• Component Failure Insured Perils (for PV Modules & inverters)
Only performance losses (provided that the component is covered under existing warranty) arising solely and directly
from the following Component Failure Insured Perils are covered as Loss of Production Insured Perils under this policy:
i) Faulty Manufacturing
ii) Material Defects
iii) Material Ageing
Solar Production (MWh)
Under Performance Guarantee
7. FirstNRG provides engineering insurance with vast
experience of insuring wind turbine risks. Onshore
wind farm insurance covers are designed to meet
the unique risk exposures that wind turbines present:
• Windstorm or lightning damage to blades
• Failure of gearbox or generator
• Fire in the turbine nacelle
• Fire/explosion of substation transformer
• Failure of windings
FirstNRG Insurance Services provides construction
and operational covers for wind energy risks
ranging from microwind turbines to large windfarm
developments.
Wind Power Insurance
8. • Solar Power Insurance
• Wind Power Insurance
• Hydro Power Insurance
• Bio Energy Insurance
• Energy Storage Insurance
• Wave Insurance
• Cyber Risk Insurance
• Surety/Bond Insurance
What We DoWhat We Do
9. • World Class Insurance Solutions
• Improve Projects Bankability
• Warranty even if the Manufacturer is Bankrupt
• Worldwide Cover
• Underperformance System Revenue Coverage
• Solar Equipment Inherent Defects
Main Benefits
10. • Free insurance due diligence
• Solar insurance expert
• Guaranteed 24 hour communication
• Cost effective
• Professional insurance consulting
• We understand your business
• We work only with A rated insurance companies
• We make your solar project more bankable
Why Work With Us
11. advisor@firstnrg.com
Toll Free: 1 (800) 517 5253
Direct: 1 (917) 775 7047
www.firstnrg.com
Contact Us
For a Free Consultation Today
I n s u r a n c e s e r v i c e s
