Chubb Climate+ has created a packaged insurance solution aimed at supporting the expansion of alternative and renewable energy projects, principally onshore wind and ground-mounted photovoltaic solar. The product – Climate+ Renewables – is aimed at small to medium renewables projects, up to £50m in contract value.

Jared Concannon, head of climate tech for Chubb Overseas General, said: “In the UK, a record amount of energy was generated from renewable sources in 2022 with 41% of all energy coming from wind, solar, biomass and hydro.

“Our new Climate+ Renewables product means Chubb is perfectly placed to support clients in the growing UK renewables market, offering a specifically designed insurance programme that keeps pace with the development of their projects.”

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