The energy landscape is rapidly transforming as governments, public and private sectors increasingly seek to invest in renewable energy as they navigate the energy transition and support moves towards net zero. 2023 saw a remarkable $559bn of deals undertaken in the renewable sector. This has led to a significant uptick in the amount of deals that we’re managing in this space and given the unique risks associated with renewable energy projects, we have invested in a dedicated team to support our ever growing number of clients investing in renewable projects.. Gus Marshall, Head of Transaction Liability, CFC
The team will be lead by Simon Wood who joined CFC’s transaction liability practice over a year ago from a leading international law firm. The team has further been strengthened with the recent appointment of Aline Brayner, a qualified lawyer with significant expertise in providing strategic counsel for large and complex energy projects focusing on renewable energy technologies.
CFC’s energy and renewables underwriting team will focus on developing tailored coverage which addresses the specific transaction risks associated with renewable energy projects such as offtake agreements and environmental liabilities, and will work closely with CFC’s recently established specialist tax practice to address issues such as investment tax credits.
“This latest initiative in our transaction liability proposition underscores our commitment not only to drive innovation in this rapidly developing area of the insurance market, but more importantly to provide our clients with the specialist support they need in these highly complex deals,” adds Marshall.
Find out more about CFC’s full suite of transaction liability insurance solutions here.
