Renewable Energy Insurance Broker (REIB) is proud to announce its role in insuring the largest photovoltaic park in Southeastern Europe, located in Ratesti, Arges County, Romania.
The Ratesti solar park, spanning 170 hectares and with an installed capacity of 155 MW, is expected to generate approximately 220 GWh of electricity annually. This energy production is sufficient to power over 100,000 households and will reduce carbon dioxide emissions by 168,000 tons each year.
From the inception of this significant project, investors have placed their trust in REIB, and we have provided comprehensive insurance packages for every phase of development:
- Construction Phase: Construction/Builders All Risk Insurance
- Operational Phase: All Risk Insurance, including Liability Insurance and Business Interruption coverage
This landmark project, led by Israeli firms Econergy Renewable Energy and Nofar Energy, marks a pivotal advancement in the region’s renewable energy sector.
Our dedicated team is available to address all your insurance needs, ensuring coverage for potential underperformance, construction risks, warranty bonds, and more. Don’t hesitate to contact us!
