Power plant products | Insurance support for power projects
AON, a professional services firm, has launched its Power Lifecycle Programme (PLP), a new integrated insurance solution designed to support conventional gas power projects from construction through testing, commissioning and into operations.
The launch comes as the rapid expansion of data centres drives significant investment in conventional power generation capacity. It is built on Aon’s established position supporting digital infrastructure clients through the Data Centre Lifecycle Insurance Programme that has expanded to $5 billion in capacity in 2026. Reliable power generation is becoming increasingly important as demand for digital infrastructure, cloud computing and artificial intelligence accelerates. PLP is designed to help organisations investing at scale in power generation – whether behind the meter for dedicated digital infrastructure or in front of the meter to serve broader grid demand – address the growing risks associated with power assets required to meet rising energy needs. “As investment in energy infrastructure continues to grow, organisations require risk solutions that evolve alongside increasingly complex power assets,” said Joe Peiser, CEO of Risk Capital, Aon. “Our Power Lifecycle
Programme provides a co-ordinated insurance solution from construction, testing and commissioning through to operation. By bringing multiple coverages together within a single lifecycle framework, [helping] clients take a more holistic approach to managing project, operational and infrastructure risk.”
Lifecycle approach to power risk Developing a conventional power project involves managing interconnected risks across construction, testing, commissioning and early operations – and a loss or interruption at any stage can affect schedules, financing commitments and anticipated revenue – particularly when insurance is arranged separately at each stage. PLP’s lifecycle model moves insurance from a series of disconnected placements to a single co-ordinated risk-transfer strategy that supports a project from site selection and construction through commissioning and ongoing operations. The result is generally better continuity of cover, reduced coverage gaps, improved capital efficiency, and greater confidence for developers, owners, lenders and investors. Key features of PLP include:
● Up to $2.5 billion in erection All Risks and Delay in Startup coverage per project, for the construction, testing and commissioning periods
● Up to $2.5 billion in Operational Property Damage and Business Interruption coverage per project, for the immediate operational period
● Up to $100 million of Construction and Operational Third-Party Liability (excluding US Projects)
● Clients can opt for a tailored risk advisory assessment of the risk to projects from natural catastrophe, climate, cyber, casualty, supply chain and business interruption risks, delivering enterprise resilience from site selection through to portfolio scale. Risk Engineering and Casualty consulting is available.
The programme is underpinned by a panel of London-based carriers.
Beyond the lead panel, the balance of capacity is predominantly London-based, complemented by significant participation from key local and global markets to provide the necessary breadth of cover. PLP is available to power infrastructure developers, private equity firms funding power project developments, contractors controlling construction cover and power infrastructure owners for both grid- connected standalone conventional gas power projects and dedicated projects supporting data centres.
Valmet delivers superheater to biomass plant CFB
Valmet is to deliver a new secondary superheater to the circulating fluidised bed (CFB) boiler at Eneco’s Bio Golden Raand biomass plant in Delfzijl, the Netherlands. The service project supports Eneco and Valmet’s lifecycle partnership by reducing the risk of unplanned downtime and improving the plant’s overall reliability. The CFB boiler was originally delivered by Valmet in 2013. The combined heat and power plant uses recycled wood as fuel to produce renewable electricity for the local community and steam for an industrial plant. The Eneco plant
produces steam and electricity for industrial use and is characterised by high availability requirements, typically operating for around 8000 hours per year. Valmet and Eneco have a long- term service agreement focused on maintaining reliable and efficient plant performance. “Eneco’s Bio Golden Raand plant is a great example of how efficient and sustainable energy production can be achieved with demanding fuels through continuous development. The secondary superheater replacement is a key lifecycle investment that helps to ensure high
availability and reliable production” said Oliver Sarelin, a Valmet sales manager.
The delivery includes a turnkey replacement of the CFB boiler’s secondary superheater, covering engineering, manufacturing, and installation. The new superheater is designed as a one-to-one replacement, enabling seamless integration with the existing boiler and minimising installation time during the planned outage. The scope also includes installation by Valmet’s own service team, supporting efficient execution and high quality.
New radar systems to unlock UK offshore wind construction
Up to 10 GW of offshore wind capacity has been ‘unlocked’ as a result of government upgrades to air defence radars. Following close collaboration with industry, the government has bought specially designed air defence radars, which will mitigate against anomalies in radar imaging currently created by offshore wind farms. These new radar sets, which will be installed from early 2029, will maintain the UK’s air defence capability, and are a crucial part of the UK’s air defence, enabling the detection and identification of incursions and other threats within UK airspace.
The importance for the offshore wind industry lies in the fact that they can also co-exist with new offshore wind farms, without risk of interference. Benj Sykes of the Offshore Wind Industry Council (OWIC) and VP and UK country manager for Ørsted, said: “The OWIC Council welcomes the conclusion of procurement for a new air defence mitigation solution. This will ensure we are able to unlock billions of pounds of investment and thousands of jobs for the UK, without compromising our national defence.” The move follows the biggest single procurement
40 | October 2026 |
www.modernpowersystems.com
of offshore wind energy in British and European history, via Allocation Round 7 in January this year. in which the UK government secured a record 8.4 GW of capacity – at a price 40% lower than the cost of building and running a new gas power plant. Upgrading the radar systems ensures that this record breaking capacity can move from contract to construction. The announcement came as the government launched a consultation to unlock up to 6 GW of onshore wind capacity near Eskdalemuir, a key seismological monitoring station in the Southern Uplands of Scotland.
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47
