Hydropower
Comprehensive insurance solutions for vital hydropower infrastructure
Comprehensive solutions tailored to the unique challenges of hydropower projects
Both small and large-scale hydropower plants play a vital role in supplying electricity globally and are integral to the green energy transition. As a dependable and low carbon source of electricity, hydropower supports energy transition strategies at both the utility level and within local communities. Tokio Marine GX has extensive experience supporting hydropower projects, from large reservoir plants to run of river systems and an increasing number of pumped storage facilities. These projects present unique challenges due to the scale and concentration of assets involved. Our insurance is designed to protect these vital investments, ensuring stability and viability.
Benefit from long-term commitment and expertise in insuring hydropower projects
Backed by our long-term commitment and extensive expertise, Tokio Marine GX’s insurance solutions are crafted to meet the specific needs of hydropower projects globally. Key risks for hydropower projects vary depending on the civil engineering employed and the related electrical and mechanical components, as well as the location and on-site conditions. Landscape, geological conditions and cost will all influence the power generation potential, the type and form of design and the civil works needed. Climatic and hydrogeological challenges, natural hazards and site accessibility can hinder the operation and maintenance of a plant and its infrastructure. We take all these factors into account, providing you with cover that reflects your needs. Our approach ensures that your investments are protected by a partner you can rely on for decades to come.
Expert insurance provided by hydropower specialists
High-value equipment, such as generators and turbines in confined spaces, is vulnerable to damage from incidents like machinery breakdown, electrical short circuit and ensuing fires, along with a whole host of natural catastrophe exposures. Extensive repairs and delays in replacing equipment can lead to reduced power generation, increased risk of business interruption and significant financial impact. The environmental impact hydropower projects can have on their surroundings, such as on local ecosystems, are considered, as is the exacerbation of geological or tectonic risk to the hydropower project. Tokio Marine GX’s insurance is tailored to reflect the specific risks that hydropower faces now and in the future. Contact us to find out how we can support your hydropower initiatives.