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Content archived on 2022-12-27

INSURANCE POLICIES AS SOLUTION FOR THE SHARING OF RISKS IN ENERGY SAVING OPERATIONS WITH THRD PARTY FINANCING SCHEMES

Objective

The main goal of the project is the defintion of the pocedures to follow by Insurance Co. in the identification of the failure modes, costs and survey procedures of different energy saving installations to cover the loss of revenues.

The failure mode effects of five different types installations (solar, wind, smallhydro, CHP and energy saving in buildings) will be presented as well as the systematic procedures to reduce the risks and to finance them through the use of Insurance Policies. These will cover, at least partially, the loss of revenues caused by the failure of the installation which will help to a most extensive penetration of those technologies. This approach will mainly be applied to projects where the scheme of Third Party Financing would be used, because the lack of coverage once the guarantees of the supplier are finished, has been a limitation of this scheme. The project is organised in seven Phases: 1/ Systems Reliability Study; 2./ Evaluation of the Manteinance Services; 3./ Appraisal of the Suplier Guarantees; 4./ Modes of operation of the plant; 5./ Distribution of the questionnaires;6./Institutional role and 7./ Implementation Plan.

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Programme(s)

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Topic(s)

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Call for proposal

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Funding Scheme

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CSC - Cost-sharing contracts

Coordinator

SERVICIOS INTEGRALES DE AHORRO ENERGETICO
EU contribution
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Address
6,SOR ANGELA DE LA CRUZ
28020 MADRID
Spain

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Total cost

The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.

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