The Insurance-Debt Nexus: How risk policy keeps renewable energy bankable

保险与债务的关系：风险政策如何保持可再生能源的可融资性

• 批准号: 10056290
• 金额: $ 42.21万
• 依托单位: RENEWABLE RISK ADVISERS LIMITED
• 依托单位国家: 英国
• 项目类别: Small Business Research Initiative
• 财政年份: 2023
• 资助国家: 英国
• 起止时间: 2023 至 无数据
• 项目状态: 已结题
• 来源: https://gtr.ukri.org/projects?ref=10056290
• 关键词: Insurance; Debt; Nexus; How; risk

**Pool Re for Energy**This project pioneers a new financial architecture around 'insurability' and 'bankability' for critical national infrastructure. Established in 1993 as a reinsurer of last resort for losses due to terrorism, Pool Re was followed by Flood Re in 2016 regarding climate risks. Successful climate mitigation can be accelerated by an 'Energy Re' where collective self-insurance is initially supported by the State. The best risk managers are the asset owners. So rather than try to educate the insurance companies, better to be the insurance company themselves. As well as enhancing energy security, this also saves money for the consumer.**Context**Known as OFTOs, the offshore transmission owners are special purpose vehicles (SPVs) for high voltage transmission infrastructure which includes export cables to shore that are by statute 'unbundled' by the developer of a windfarm before it becomes operational. These are often highly geared assets, where project finance is crucial to the 6 OFTO owning companies that are responsible for the 23 live assets that surround the UK.Approximately 80% of the value of offshore wind claims have come from cabling losses. Of these costs, about 65% are attributed to vessel hire, which can amount to between £100,000 and £200,000 per day. Nearly 40,000km of offshore wind farm export cables are forecast to be laid worldwide by 2030, compared with just over 7,500km at the end of 2020\.**Challenge**An escalating cost of damages in the offshore wind subsea cable sector has led to a hardening insurance market, increasing premiums, and creating more stringent terms. This sellers' market leads in turn to a reduction in 'bankability' which reduces 'investability' since the equity internal rate of return (IRR) is less leveraged by debt.**Solution**Collective self-insurance will enable electrical fault-finding technologies to enhance preventative maintenance of export cables in offshore wind. The current reliance on the need to prove 'physical damage' for the insurance policy to respond means that repair campaigns are often delivered at great expense (i.e. during winter). The ability to intervene at the discretion of a mutual will reduce the cost burden of vessel hire.Collective procurement will allow asset managers to stock cost saving equipment such as universal joints that are currently beyond their means. Information sharing between ordinarily competing organisations will enable the development of best practice. Only through collective self-insurance can these solutions be delivered. And to do so is in the public interest.

**池为能源**这个项目开创了有关关键国家基础设施的“保险”和“债券”的新金融体系结构。池于1993年作为恐怖主义造成的最后损失的再保险公司成立，随后在2016年洪水涉及气候风险。成功的气候缓解可以通过“能量重新”加速，其中最初由国家支持集体自我保险。最好的风险经理是资产所有者。因此，与其尝试教育保险公司，不如自己成为保险公司自己。除了增强能源安全外，这还为消费者节省了资金。**上下文**称为OFTOS，离岸变速箱所有者是高压传输基础设施的特殊用途车辆（SPV），其中包括由雕像“未汇总”的船只开发人员开发机构开始运行之前的雕像。这些通常是高度扎根的资产，在这些资产中，项目融资对负责英国负责的23家现场资产的6家OF的公司至关重要。在海上风索赔的价值中，有80％来自电缆损失。在这些费用中，约有65％归因于船舶的租赁，每天的船舶可能在100,000至200,000英镑之间。预计到2030年将在全球范围内铺设近40,000公里的海上风电缆出口电缆，而2020年底\。**挑战**挑战**越来越多的损坏成本在近海风电线电缆部门的损害成本不断提高，导致了坚硬的保险市场，增加了前提，并创造了更严格的条款。卖方市场的领先优势反过来降低了“可债券性”，这可以降低“可投资性”，因为股票内部收益率（IRR）的债务利用较少。目前，对保险政策做出响应的“物理损害”的需求的当前救济意味着维修活动通常是付出了很大的代价（即冬季）。互助互助的能力将降低船舶租用的成本。集体采购将允许资产管理人员库存节省成本的设备，例如目前超出其手段的通用关节。一般竞争组织之间的信息共享将使最佳实践的发展。只有通过集体自我保险才能提供这些解决方案。这样做符合公共利益。