Axa Insurance UK’s commercial division has struck up a renewable energy partnership with Lime Underwriting. Under the deal, Axa Insurance UK has given delegated authority to Lime Underwriting to support its provision of decommissioning products for the UK’s renewable energy sector.

Lime said its insurance policy replaces the need for developers or investors to provide cash or letters of credit to satisfy financial security requirements for projects.

Sam Houlden, head of schemes distribution for Axa UK Commercial, said: “This collaboration further strengthens our commitment to support renewable energy initiatives and ESG objectives, building confidence among landowners and regulators.”