The renewable energy industry is at the forefront of Australia’s energy transition, with $35 billion already invested in projects under construction or financial commitment. With renewable sources now generating 40% of the nation’s energy (reducing emissions by 340 million Tonnes over the next 8 years), the sector is growing rapidly, bringing significant opportunities—and complex risks—for developers, operators, and investors.
Navigating these risks requires expertise across the entire project lifecycle. At 4Sight Risk Partners, we specialise in helping renewable energy businesses manage these challenges, ensuring sustainable growth and operational resilience.
The Seven Stages of Renewable Energy Risk
From project concept to operation, risks evolve, and so must your strategies to manage them. Our IQ-ARTA methodology, led by Gareth Jones our Managing Director and Renewable Energy Risk specialist, addresses critical risk areas:
- Design, Engineering, and Consulting Risks: Ensuring early-stage planning aligns with compliance and technical feasibility.
2. Construction, Testing, and Commissioning Risks: Mitigating physical damage, delays, and liability exposures during build phases.
3. Operational Damage Risks: Protecting assets transitioning from construction phase to operation, natural hazards and emerging threats, including cyber risks.
4. Financial and Revenue Risks: Ensuring access to funding while safeguarding against revenue losses from delays or production inconsistencies.
5. Environmental Risks: Addressing operational and construction-related environmental impacts to meet regulatory and community expectations.
6. Workplace Health and Safety Risks: Safeguarding workers and stakeholders through tailored WH&S protocols.
7. Contractual and Supply Risks: Managing potential failures to meet contractual obligations or supply disruptions.
Tailored Solutions Across Energy Sub-Sectors
Each renewable energy source comes with unique challenges. We provide bespoke risk and insurance strategies for:
• Solar: Expertise in mitigating climatic risks like cyclones and hail for solar farms in high-exposure regions.
• Wind (Onshore & Offshore): Risk solutions for complex turbine projects, from shallow coastal setups to deep-water innovations.
• Battery Energy Storage Systems (BESS): Customised policies addressing emerging storage technologies and global supply chains.
• Hydro, Wave, Tidal, and Geothermal: Comprehensive coverage for all lifecycle phases, from exploration to power generation.
• Green Hydrogen and Biomass: Balancing traditional and innovative energy risks to enable sustainable production and growth.
Why Choose 4Sight Risk Partners?
With decades of experience in renewable and traditional energy sectors, we empower businesses with:
• Transitional Risks Expertise across all seven stages: Aligning risk management with corporate governance and investor requirements.
•Global Expertise: Leveraging a network of experts and up-to-date insights on evolving energy risks.
• Customised Complex Insurance Solutions: Addressing specific project and stakeholder needs through innovative and realistic policies
•Specialised Long-Tail Claims Management: including complex business interruption cases and betterment costs of new technology.
Driving Confidence in Renewable Investments
Partnering with us allows you to make informed decisions, optimise financing opportunities, and position your business for long-term success in the energy transition.
Contact Gareth Jones, Renewable Energy Expert and Managing Director, at [email protected] or call 0499 988 980 (international: +61 499 988 980) and let us help you make confident, smart decisions faster.
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Smart Decisions Faster.
At 4Sight Risk Partners, we protect what matters most, enabling you to move forward with confidence. Our team specialises in managing business risks and delivering world-class insurance solutions.
With over 75 years of global expertise, our proprietary IQ-ARTA Framework helps clients make informed decisions based on qualified risk profiles and quantified risks. By leveraging a global network of subject matter experts and leading insurers like Lloyd’s of London, we provide tailored solutions to address complex challenges across industries.
As specialists in Renewable Energy, we guide clients through all seven project stages and transition risks—helping to power and protect the future. Additionally, through Insurance Advisernet’s award-winning network, we offer trusted advice and advocacy, with a remarkable 98% client retention rate.
Explore more at 4sightrisk.com.au or reach out to discuss how we can help you make smart decisions faster.
Gareth Jones
Managing Director
4Sight Risk Partners
[email protected]
0499 988 980
+61 499 988 980 if calling outside of Australia
Adviser Representative No: 1251287
For more information please visit: 4sightrisk.com.au
Or reach out for assets or further details to:
[email protected]
Marketing & Communications
4Sight Risk Partners