WHAT IS NER
New Energy Risk was incorporated in 2010 to help provide the link between the providers of risk capital and the developers, owners, and customers (power purchasers) of renewable energy projects. Applying similar methods that the founders developed in prior risk management and underwriting companies, New Energy Risk developed proprietary analytics, data, and computational models with the goal of enhancing the growth of clean energy by underwriting insurance solutions. The use of insurance as a risk management mechanism has resulted in large scale, efficient financing, including securitization.
New Energy Risk, XL Catlin, and a group of leading reinsurers have formed a partnership with the primary goal of enhancing the growth of renewable energy technologies. The combined expertise of the partnership provides a significant advantage to renewable energy companies wanting to leverage our resources and our significant capacity.
We provide insurance solutions to renewable energy system manufacturers, developers, owners, lenders and investors. Our projects have spanned a range of renewable energy and clean energy technologies, including solar, wind, waste-to-energy, fuel cell, energy storage, and energy efficiency. We are not limited to specific technologies, and we have addressed a variety of projects. Our core focus has been the risk associated with new, relatively unproven technologies and the long term performance of projects using those technologies. We are not constrained by geography or the magnitude of the risks that our clients seek to insure or finance.