Renewables Re is the CEE region's dedicated specialty insurance platform for solar PV, battery energy storage and PPA revenue protection — backed by AA-rated and A+-rated global reinsurers, distributed by an EU-regulated broker.
Every renewable energy asset carries unique risks that standard commercial insurance cannot price, structure or place. Renewables Re closes that gap with three purpose-built products, each backed by dedicated institutional reinsurance capacity.
Insures solar PV output against underperformance, underwritten with real yield analytics and drone inspection data — not modelled estimates.
Comprehensive insurance for battery energy storage systems — from construction through operational life — including the hardest risk to place: thermal runaway.
Protects energy producers and VPP operators against revenue shortfalls from PPA price risk, volume curtailment, and ancillary services market volatility.
How Risk Becomes Protection
Three Risks · Three Products · One Protected Portfolio
Solivia transforms solar energy yield data into a structured insurance product. Using real production analytics (mirroring our AA-rated reinsurer's established energy yield monitoring framework) and drone-verified physical inspection, Solivia underwrites each asset individually — not by postcode or model. The result is pricing that reflects actual asset health, not sector averages.
Live energy yield data feeds directly into the underwriting model, mirroring our AA-rated reinsurer's established production monitoring framework. Yield shortfalls trigger claims automatically against a pre-agreed P90 benchmark, eliminating disputes.
Solivia underwrites are supported by our specialist UAV inspection partner, providing thermographic and electroluminescence imaging of solar arrays pre-inception and at renewal. Drone data reduces moral hazard and enables risk-adjusted premium pricing at individual asset level.
Solivia policies are structured to meet lender requirements for project finance. Insured production guarantees replace or supplement EPC contractor warranties, enabling preferred financing terms for solar developers and asset owners across CEE.
The Solivia pilot is being conducted with a leading Czech renewables developer, introduced via the Czech Solar Conference (Solarní konference). Their hybrid power source — combining large-scale BESS with 30 MW solar managed by a VPP operator — provides an ideal environment to pilot both Solivia™ and GridGuard™ coverage simultaneously.
GridGuard is the CEE market's first structured insurance product for battery energy storage systems. Structured with AA-rated reinsurance capacity, GridGuard covers the full asset lifecycle — from construction through long-term operational warranty — including the risk that no standard policy will touch: thermal runaway.
Guarantees battery energy capacity (MWh) against accelerated degradation beyond the manufacturer's stated curve. Triggered by measured output vs. warranted capacity over the coverage period. Structured with our AA-rated reinsurer's specialty energy team.
Full property damage cover including the critical thermal runaway risk — a cascade battery fire exposure that standard market policies typically exclude. GridGuard addresses this with dedicated reinsurance capacity and expert risk engineering from our AA-rated reinsurer's specialist team.
BESS assets earn revenue by providing ancillary services (FCR, aFRR) to grid operators. GridGuard covers lost ancillary service revenue during insured outages — a unique product tailored to the Czech OTE / ČEPS market structure and VPP dispatch models.
Analysis of leading Czech PAR policies (ČSOB, Kooperativa, Premium) confirms that standard property policies leave critical BESS risks uninsured. GridGuard™ is purpose-built to close these gaps.
Based on analysis of leading Czech PAR policies (ČSOB VPP AR 2014, Kooperativa VPP M-100/14, Premium GICPI 2024). GridGuard™ is placed with AA-rated institutional reinsurance capacity.
GridGuard™ is being structured with a leading Czech BESS manufacturer as the pilot counterparty, providing real-world performance data for the first structured BESS performance warranty insurance placement in the Czech market.
PowerPact is an energy hedging insurance product designed for VPP operators, BESS asset owners, and renewable generators whose revenue depends on PPA contracts and ancillary services market participation. Structured with A+-rated reinsurance capacity, PowerPact converts price and volume risk into an insurable, bankable product.
When spot market prices fall below the contracted PPA strike price and the offtaker exercises a break clause or defaults, PowerPact indemnifies the revenue shortfall for the remaining contract term.
Covers lost FCR / aFRR / mFRR revenue when a BESS or VPP asset is unable to fulfil its grid service obligations due to technical failure, grid curtailment, or regulatory change. Tailored to Czech OTE market rules and the ČEPS ancillary services framework.
When an aggregator's dispatch algorithm fails — causing an asset owner to miss obligations, incur grid penalties, or suffer a financial loss — PowerPact's E&O extension covers the aggregator's professional liability. Uniquely relevant for VPP operators managing multi-asset portfolios.
Project finance lenders, development banks, and state environmental funds require insurance that does more than indemnify losses — it must convert project risk into bankable revenue certainty. Every Renewables Re product is structured with lender-assignable policy terms, DSCR modelling support, and institutional AA-rated reinsurance capacity that satisfies credit committee requirements in CEE markets.
Cover terms structured for inclusion in your Information Memorandum. Policy wording aligned with standard CEE renewable energy loan covenants. Proceeds are assignable to the senior lender. Documentation pack available for review at credit committee stage — term sheets, rating certificates, and DSCR impact summary.
Products aligned with EU Modernisation Fund disbursement requirements and NRB guarantee program criteria. Solvency II-compliant reinsurance structure. Green taxonomy-compatible cover terms. Designed to satisfy state fund eligibility requirements and EIB-track project criteria for subsidised renewable finance.
Czech ČNB regulatory base provides a credible EU anchor for multi-jurisdiction projects. Cover available across Czech Republic, Poland, Slovakia, Hungary, Romania, and Croatia. Global AA/A+ rated reinsurance capacity acceptable to international lenders and syndication agents in the CEE renewables market.
Renewables Re products are specifically designed to address the due diligence questions that project finance teams raise at credit committee for solar, BESS, and PPA transactions in CEE:
We provide a dedicated lender pack for active transactions, including: policy term sheets, reinsurer rating certificates, formal assignment deed template, and a DSCR impact summary showing how each product supports your base-case revenue model.
Available to project finance teams at credit committee stage. Contact Randhir Kumar Jha, Branch CEO — Prague.
Request Lender Pack →Renewables Re places each product with dedicated reinsurance capacity — not general treaty. This gives clients certainty of claims payment and gives lenders and offtakers the institutional backing required for bankable insurance solutions.
Our AA-rated reinsurer's specialty energy team provides dedicated capacity for both Solivia™ and GridGuard™. The established energy yield analytics framework from our AA-rated reinsurer forms the data backbone for Solivia's production guarantee trigger mechanism.
Our A+-rated reinsurer's parametric and specialty energy division provides the structural capacity for PowerPact™. Their expertise in index-linked and parametric triggers maps directly to the ancillary services revenue protection structure.
A partnership with a specialist UAV inspection provider delivers thermographic and electroluminescence drone surveys for Solivia™ underwriting. Inspection data feeds directly into the lead reinsurer's yield analytics framework for risk-adjusted pricing.
Hankook Insurance & Reinsurance Brokers s.r.o. · Prague, Czech Republic · IČO 02693607
Renewables Re's pilot programme launches with a leading Czech renewables developer — introduced via the Czech Solar Conference (Solarní konference) — covering their unique hybrid BESS + solar asset with the combined Solivia™ and GridGuard™ product.
Czech renewables developer introduced to Renewables Re at Solarní konference. They operate a unique hybrid power source combining solar, a large-scale BESS (30 MW managed via VPP operator), and grid ancillary services.
The pilot asset covers both product lines simultaneously — solar PV production guarantee (Solivia™) and BESS performance warranty with OAR (GridGuard™). A unique opportunity to pilot both products on a single real-world asset.
Pre-inception drone thermographic and EL survey of the pilot solar array conducted via the Renewables Re specialist UAV inspection partner. Data feeds the AA-Rated Reinsurer's yield analytics underwriting model.
The VPP operator managing the pilot BESS — active across the Czech ancillary services market — becomes the natural first conversation for PowerPact™ PPA revenue protection, given their direct exposure to FCR/aFRR revenue risk.
Successful Czech pilot forms the basis for CEE replication. The pilot VPP operator has active projects in Croatia and Romania; leading Czech BESS developers have additional projects beyond the first installation. Renewables Re targets becoming the regional BESS and solar PV insurance platform for CEE by 2027.
Czech-based hybrid asset combining solar PV with large-scale BESS (30 MW capacity managed via specialist VPP operator), and active grid ancillary service participation via Czech TSO ČEPS.
Renewables Re is the specialty renewables insurance brand of HIB Re — Hankook Insurance & Reinsurance Brokers s.r.o., registered with the Czech National Bank (ČNB) as an independent insurance intermediary under Zákon č. 170/2018 Sb. HIB Re is Prague-based, EU-licensed, and focused on the CEE region.
Our relationships with AA-rated and A+-rated global reinsurers, both active in specialty energy and renewable insurance globally, provide the institutional capacity that makes each Renewables Re product bankable, claims-certain, and scalable across CEE markets.
Zákon č. 170/2018 Sb. · IČO 02693607 · Registration valid until 31.12.2026 · Lighthouse Towers, Holešovice, Prague
Czech Republic home market · Poland, Slovakia, Hungary, Romania, Croatia secondary markets · EU regulatory gateway for CEE renewables projects
AA / A+ Rated Global Panel · Allianz · Chubb · Gallagher Re · HDI · Zurich — access to global specialty energy capacity
Renewables Re is participating in Solarní konference — the leading solar energy conference for the Czech and Central European market. Meet our team to discuss project-specific insurance structures for solar PV, BESS, and PPA assets across CEE.