#None #Renewable Energy #EMEA #FM Insurance

FM Renewable Energy Insurance Now Available in EMEA

Introduction
The push for renewable energy solutions has gained momentum globally, particularly in Europe, the Middle East, and Africa (EMEA). In an encouraging move, FM, a leading commercial property insurer, has officially launched its renewable energy insurance policy within the EMEA region. This initiative aims to support clients in their transition to sustainable energy operations, a crucial step in meeting growing climate commitments.

Insurance That Speaks to a Growing Need
The newly available policy leverages FM's rich history of power generation research and engineering. This expertise is vital for safeguarding businesses operating in an increasingly complex energy landscape. As part of FM's commitment to innovation, the renewable energy operational policy is designed to tackle the sector's unique challenges, particularly amid rising concerns about climate change and related risks.

“With this launch, we are reinforcing our dedication to supporting the renewable energy sector's evolution,” stated Doug Patterson, FM's Senior Vice President for Forest Products and Renewable Energy. This sentiment underscores FM's strategic positioning to provide necessary resources to clients embarking on their renewable energy journeys.

Key Features of the Policy
FM's renewable energy policy encompasses various services tailored for the unique needs of energy operations. Services include:

• - Business Risk Consulting: Personalized guidance to help clients navigate risks associated with renewable energy projects.
• - Climate Change Impact Reports: In-depth assessments to understand how climate factors might affect operations over time.
• - Research-Based Data Sheets: Current data to support decision-making processes.

Challenges Ahead
The renewable energy sector faces diverse hurdles, from adverse weather conditions like windstorms and hail to equipment failures. Despite these hurdles, FM is committed to equipping its clients with the necessary tools to effectively mitigate these risks. By expanding their offerings to cover renewable energy, FM also aims to play a significant role in the industry's growth journey.

A Historical Commitment to Energy
FM's journey in the energy sector spans seven decades, providing a foundation built on delivering mutual insurance to power generators across various sectors like hydropower and biomass. As such, the establishment of FM Renewable Energy was a natural progression to further enhance their service portfolio dedicated to utility-scale solar, onshore wind power, and battery energy storage systems (BESS).

Looking to the Future
With the renewable energy market projected to accelerate given increasing emission reduction targets, FM’s new policy is well-timed. Organizations navigating these changes will benefit from FM’s experience, helping them transition smoothly while maintaining resilience against potential loss events related to climate risks.

Conclusion
As FM launches this new insurance offering, it stands prepared to assist clients in meeting their sustainable energy goals. With a commitment to harnessing research and technology, FM positions itself as a forefront player in the continuing evolution of the renewable energy landscape. The support for clients within EMEA reflects a broader trend where insurers are adapting to the urgent need for climate-conscious operations, making FM’s new policy not only a business opportunity but also a statement on their commitment to a sustainable future.