FM Renewable Energy Expands Insurance Services in EMEA Region

FM Renewable Energy has made a significant announcement, revealing its insurance contract for renewable energy operations is now available in the EMEA (Europe, Middle East, and Africa) region. This new offering arises from decades of research and engineering expertise in energy generation, aiming to support clients as they transition to alternative energy sources.

The renewable energy sector is poised for accelerated growth, largely driven by climate change mitigation goals. However, it also faces challenges such as emerging technologies and heightened susceptibility to loss events, particularly those linked to climate risks. With the launch of its operational policy for renewable energy in the EMEA, FM Renewable Energy is set to help clients navigate this dynamically evolving risk landscape.

Doug Patterson, the Senior Vice President for Forestry Products and Renewable Energy at FM, expressed enthusiasm about the expansion: "We are thrilled to extend our services and solutions in renewable energy to more FM clients globally. With FM's research capabilities and engineering approach to risk mitigation, we have a unique opportunity to assist our clients in their energy transition and take a leading role in supporting the growth of the renewable energy sector."

FM Renewable Energy was established last year and focuses on researching, developing standards, and engineering solutions to prevent losses in areas such as land-based solar power plants, onshore wind farms, and battery energy storage systems (BESS) at utility scale. For seventy years, FM has been serving energy producers across various segments, including hydropower, biomass, and waste-to-energy production. The company assists major players in designing, building, and operating resilient and reliable energy projects, ensuring their long-term protection.

Renewable energy projects are subject to a wide range of risks, from windstorms and hailstorms to lightning strikes and equipment failures. FM offers a suite of products and services designed to safeguard renewable energy operations. These include climate change impact reports, business risk consulting services, and research-based technical bulletin sheets.

FM, established nearly two centuries ago, is a leading mutual insurance company focusing on property risk management and the resilience of its clients—who are also its owners. These owners, holding the belief that most property losses are preventable, represent many of the world's largest organizations, including every fourth company in the Fortune 500 list. FM collaborates with these organizations to better understand the hazards affecting their business continuity and to make cost-effective risk management decisions that combine loss prevention with insurance protection.

As FM Renewable Energy launches its services in the EMEA region, it not only reaffirms its commitment to the renewable energy sector but also positions itself as a key player in shaping a sustainable energy future. The continuous focus on innovation, research, and engineering excellence underlines FM's determination to lead as a resource for organizations transitioning to renewable energy solutions.