Renewable Energy Risk Management
Protect renewable energy projects with risk management solutions that strengthen resilience, reduce losses and support long-term growth.
Managing risk in the renewable energy sector
Renewable energy is quickly reshaping the global landscape. Today, renewables generate 21.4% of all U.S. electricity,¹ and by 2030, they’re expected to meet nearly half the world’s demand.² This rapid growth is essential for a cleaner future, but it also introduces unique risks and challenges that organizations must navigate:
- Supply chain disruption: The speed and scale of renewable deployment strain global supply chains, increasing the risk of project delays and cost fluctuation
- Climate-driven losses: Extreme weather events are expected to continue causing immense impact resulting in significant losses directly threatening assets and operations.
- Resource scarcity: Demand for critical minerals like lithium and cobalt is likely to surge over the next several decades, intensifying competition and the risk of shortages
- Cyber threats: Cyberattacks on utilities surged nearly 200% last year, with the average cost of a breach in the energy sector now exceeding $4 million.3 Protecting uptime and sensitive data has never been more important.
- Permitting and public opposition: Nearly half of U.S. renewable projects are delayed or canceled due to regulatory hurdles or local resistance, making early risk planning essential for success.
Proactive, forward-thinking strategies can help organizations stay ahead of evolving threats while keeping sustainability at the heart of their operations.
Our risk management solutions bring clarity and confidence to every stage of the renewable energy journey. From construction oversight and supply chain continuity to cyber resilience and climate readiness, we help organizations navigate uncertainty and build resilience, empowering them to scale for a more secure future.
Why risk management matters for renewables
Proactive risk management is essential to support growth, investor confidence and operational reliability. With capacity scaling faster than ever and climate-driven losses escalating, renewable companies must strengthen resilience to meet rising demand while protecting assets.
Comprehensive Risk Solutions for Renewables
We provide tailored, end-to-end risk management solutions for renewable energy organizations. From planning and construction through operations and maintenance, our services address key exposures that impact business continuity, compliance and profitability.
Construction Risk Management
Risk assessments for threats, fire and flood to ensure safe and resilient projects.
Property Risk Management
We review facilities, infrastructure and maintenance to maximize asset performance.
Cybersecurity
We assess cyber posture, systems and platforms to reduce disruption and breaches.
Extreme Weather Resilience
Impact analysis prepares you for extreme weather, shifts and policy change.
Business Continuity
We build continuity and resilience to cut disruption and enable new initiatives.
Workplace Safety
We reduce hazards, strengthen safety culture and protect workers at renewable sites.
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This solution is available in the United States but may not be available in other jurisdictions. For solution needs outside the United States, contact Zurich to be connected with a Zurich Resilience Solutions representative where available.
Sources:
- U.S. Energy Information Administration. (2024).Electric Power Monthly.
- International Energy Agency. (2023). World Energy Outlook 2023. IEA.
- Spectra by MHI. (2024). Cybersecurity risks in the energy sector.
- Insurance Insider. (2019). Midway Solar hailstorm loss estimates.
- Susskind, L., Fox, C., Bean, C., & Heller, B. (2022). Sources of opposition to renewable projects in the United States. Energy Policy, 165.