Following a request for proposals issued in September 2007, four promising insurance and financial instruments for large scale and small scale renewable energy projects have been selected as feasibility studies cases.
The selected instruments are as follow:
- Wind Power Derivative for Large Scale Wind Farm Projects in Mexico, study conducted by Marsh Finances and Paris Re [Feasibilty study report - PDF]
- Renewable Energy Insurance Facility for Wind Farm Projects in the People's Republic of China (PRC), study conducted by Marsh UK and Lloyd's Ascot Renewco [Feasibility study report - PDF]
- Global Renewable Energy Insurance Facility for Large and Medium Scale Renewable Energy Projects, study conducted by Carbon Re, Munch Re, Royal & SunAlliance, Climate Capital, GSDP, PRS and UPCAR Tunisia [Feasibilty study brief- PDF]
- Insurance Solutions for Small Scale Biomass Power projects in India, by Crestar Capital, National Insurance Company and IFFCO/Tokyo General Insurance Co. LTD [Feasibility study report-PDF]
Each feasibility study will examine the market prospects in terms of regulatory environment, investment climate, data reliability, availability of local financing and potential demand for the product.
Request for Proposals - fasibilty studies for the development of financial risk management instruments for renewable energy projects in GEF elgible countries (PDF - 150 KB)
Feasibility studies brochure [PDF]