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SPONSORS OF REGIONAL FOCUS


HENDERSON INSURANCE BROKERS LTD


INVESTMENT IN THE SECTOR The current investment levels being pumped in to the offshore wind energy sector are undoubtedly far outstripping many other industries and the growth in the sector is bucking the trend when compared to general current economic performance.


This presents a huge but exciting challenge to insurers and brokers alike as the investment and activity means individuals and businesses are rapidly acquiring assets. Insurance is really all about asset protection whether that be buildings, vehicles, and employees or of more relevance to the renewables sector support vessels, accommodation barges, wind turbine manufacturing plants and the wind farms themselves.


DEVELOPMENTS AND ATTITUDE CHANGES Many insurers historically have shied away from the renewables sector as they either did not have the expertise to understand the risks involved or didn’t see the sector as having a large enough exposure to give the economies of scale that they require.


That mindset is changing fast, more and more insurers are now seeing the expansion of the sector and are actively developing products specifically aimed at all areas of the renewables industry.


Insurers are now investing in marketing their capabilities and appetite for business in renewables.


BROKER CHALLENGES The challenge to brokers like Henderson is firstly keeping pace with those insurers entering the marketplace and ensuring they know which insurers are proving competitive on the various scope of projects they come across.


And secondly, and undoubtedly of more importance, is understanding the requirements of those businesses who are investing heavily, so that they can ensure that their assets are adequately protected and to assist such organisations on understanding the risks they are insured against and how best to limit those risks they undoubtedly face.


Henderson Insurance Brokers Ltd www.hibl.co.uk


GREEN PORT HULL


The City of Hull was built on its maritime industry and has seen the continuing development of the port as a way of reinvigorating the local economy.


REGENERATION


Green Port Hull will initially involve the regeneration of Alexandra Dock, an existing port complex that is directly adjacent to a natural deep-water channel. It is therefore perfectly positioned for the receipt of import cargo, component manufacture and the dispatch of the turbines for installation at wind farms out at sea.


Green Port Hull is superbly located near all the key Round 2 and 3 sites in the mid North Sea and can offer the offshore wind industry an excellent range of opportunities for manufacturing, pre-assembly and O&M.


MANUFACTURING BASE INTEREST In January 2011, Siemens, one of the world’s largest suppliers of wind turbine technology, grid connections and turbine servicing, announced they had chosen Hull as their preferred location to develop their new offshore wind turbine manufacturing and export facility.


In addition to Alexandra Dock, there are 300 ha (740 acres) of port land suitable for manufacturing, assembly and the storage of turbines at Albert Dock, Queen Elizabeth Dock and the Paull site.


Associated British Ports - Hull www.abports.co.uk


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www.windenergynetwork.co.uk


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