PRODUCTS
Insurance Products From Ariel Green
PROTECTING THE TECHNOLOGY THAT PROTECTS THE ENVIRONMENT
Technology Performance Insurance, often abbreviated to ‘TPI’, is an innovative insurance product that protects against technology failures.
TPI enables manufacturers to issue investment-grade warranties and clean energy projects to secure funding, get built, successfully startup, and operate profitably.
Accordingly, TPI focuses on named perils that aim to eliminate low probability, high impact ‘Technology Risks’. This insurance product allows low cost capital providers, such as banks, to participate in projects without a risk premium applied.
Ariel Green is committed to working in partnership with our clients to strategically apply TPI to achieve specific commercial objectives.
Long-term Output Cover
Project financial planning and debt payment schedules are based on predictable facility output and associated revenues. However, if the project underperforms, debt payments and minimum threshold returns could be in jeopardy.
Ariel Green Long-term Output policies insure the output up to an agreed attachment level that keeps debt service and other critical costs covered while corrective action is taken to return the project to profitability.
STARTUP REPAIR COVER
Commissioning of facilities from mechanical completion through to passing the startup performance tests is the riskiest period for any project, clean energy or otherwise. At this point, the money has been spent but revenues are not yet being generated.
During this critical time, Ariel Green Startup Repair policies provide confidence that funding is available to enable projects to reach name plate capacity and begin commercial operations.
Performance Guarantee Backstop
The commercial deployment of new, environmentally preferred technologies is vital for making our transition to clean energy. To sell their solutions, developers of these innovative technologies and products offer performance guarantees, but often lack the financial strength to provide sufficient security for buyers.
To remedy this, Ariel Green provides Performance Guarantee Backstop policies to upgrade standard guarantees to investment grade, thereby enabling risk-averse equity investors and debtholders to participate in clean energy projects.
CUSTOM Insurance Products
All Ariel Green insurance products are bespoke, prepared specifically to enable clean energy projects to advance towards fruition.
If the solution you seek doesn’t neatly fit into one of the product categories above, we still would appreciate the opportunity to discuss risk management solutions that meet the needs of your unique project.
HOW WE WORK
Our experts work directly with clients, project teams and brokers, taking a collaborative approach to understand and evaluate the unique technical and financial challenges of individual projects. The result is a customized risk management solution that situates projects well to secure financing, get built, and achieve long-term operational success.
