Renewables Re is the CEE region's dedicated specialty insurance platform for solar PV, battery energy storage and green hydrogen risk transfer — backed by AA-rated and A+-rated global reinsurers, distributed by an EU-regulated broker.
Every renewable energy and e-mobility asset carries unique risks that standard commercial insurance cannot price, structure or place. Renewables Re closes that gap with four purpose-built products — Solar PV, BESS Warranties and Guarantees, Green Hydrogen, and EV Warranties — each backed by dedicated institutional reinsurance capacity.
Insures solar PV output against underperformance, underwritten with real yield analytics and drone inspection data — not modelled estimates.
Comprehensive insurance for battery energy storage systems — from construction through operational life — including the hardest risk to place: thermal runaway.
A seven-module risk-transfer programme covering electrolyser construction, H₂ output performance, offtake, and transit across the CEE green hydrogen value chain.
Four-pillar battery warranty programme — battery performance, serial defect, OEM insolvency, and fleet reserve release — for EV & FCEV manufacturers, fleet operators and investors.
How Risk Becomes Protection
Solar PV · BESS OEM · Green Hydrogen · EV Warranties · One Protected Portfolio
The Solar PV product transforms solar energy yield data into a structured insurance product. Using real production analytics (mirroring our AA-rated reinsurer's established energy yield monitoring framework) and drone-verified physical inspection, Solar PV underwriting each asset individually — not by postcode or model. The result is pricing that reflects actual asset health, not sector averages.
Live energy yield data feeds directly into the underwriting model, mirroring our AA-rated reinsurer's established production monitoring framework. Yield shortfalls trigger claims automatically against a pre-agreed P90 benchmark, eliminating disputes.
Solar PV underwriting is supported by our specialist UAV inspection partner, providing thermographic and electroluminescence imaging of solar arrays pre-inception and at renewal. Drone data reduces moral hazard and enables risk-adjusted premium pricing at individual asset level.
Solar PV policies are structured to meet lender requirements for project finance. Insured production guarantees replace or supplement EPC contractor warranties, enabling preferred financing terms for solar developers and asset owners across CEE.
The CEE market's first structured insurance product for BESS OEMs and project owners — covering the four risks that no standard policy addresses: excessive warranty costs, capacity performance shortfall, OEM insolvency, and parametric availability. Backed by AA-rated institutional reinsurance capacity; placed by an EU-regulated broker.
Insures against excessive warranty costs — repairs and replacements above the estimated maintenance budget. OEM absorbs planned maintenance costs up to a deductible; the insurance responds to costs above the deductible that exceed the estimated maintenance curve. Structured per AA-rated institutional reinsurers BESS performance insurance framework.
Responds to early or sudden capacity fade — the battery system degrading faster than the warranted degradation curve. Protects against a systemic or technical shortfall in delivered capacity over time, as distinct from warranty cost overruns. Triggered by measured capacity against the warranted degradation curve at defined test intervals.
The end customer (project SPV) benefits directly from the insurance in the event the BESS OEM becomes insolvent — with no co-payment obligation on the project owner. The warranty obligation survives even if the OEM cannot honour it directly. Converts OEM counterparty risk into an insured, bankable exposure — critical for project finance lenders.
Structured as a parametric index broken down by the specific factor causing the availability shortfall — Round-Trip Efficiency (RTE) deviation, downtime penalties, or a composite index — rather than a single blended availability percentage. Each factor carries its own risk profile and penalty mechanism, reducing disputes at claims stage.
Analysis of leading Czech PAR policies (ČSOB, Kooperativa, Premium) confirms that standard property policies leave critical BESS risks uninsured. BESS Warranties and Guarantees Insurance is purpose-built to close these gaps.
Based on analysis of leading Czech PAR policies (ČSOB VPP AR 2014, Kooperativa VPP M-100/14, Premium GICPI 2024). BESS Warranties and Guarantees Insurance is placed with AA-rated institutional reinsurance capacity.
HydroShield™ is a seven-module green hydrogen risk-transfer programme covering electrolyser construction, H₂ output performance, offtake, and transit across the CEE hydrogen value chain. Structured with A+-rated reinsurance capacity, HydroShield converts technology and revenue risk into bankable protection for developers, lenders and offtakers.
Covers damage, delay and cost overrun during the construction and commissioning of PEM and alkaline electrolyser stacks. Backed by engineering all-risk capacity with parametric commissioning triggers for bankable project finance.
When actual hydrogen production falls below the warranted output curve — due to stack degradation, efficiency loss or curtailment — HydroShield indemnifies the revenue shortfall against the certified H₂ production schedule. Trigger linked to a certified measurement and verification protocol.
Protects the hydrogen producer when an industrial offtaker defaults, exercises a break clause, or when H₂ is lost in transit through pipeline, tube trailer, or storage. Covers counterparty credit risk and physical transit loss across the CEE hydrogen value chain.
Project finance lenders, development banks, and state environmental funds require insurance that does more than indemnify losses — it must convert project risk into bankable revenue certainty. Every Renewables Re product is structured with lender-assignable policy terms, DSCR modelling support, and institutional AA-rated reinsurance capacity that satisfies credit committee requirements in CEE markets.
Cover terms structured for inclusion in your Information Memorandum. Policy wording aligned with standard CEE renewable energy loan covenants. Proceeds are assignable to the senior lender. Documentation pack available for review at credit committee stage — term sheets, rating certificates, and DSCR impact summary.
Products aligned with EU Modernisation Fund disbursement requirements and NRB guarantee program criteria. Solvency II-compliant reinsurance structure. Green taxonomy-compatible cover terms. Designed to satisfy state fund eligibility requirements and EIB-track project criteria for subsidised renewable finance.
Czech ČNB regulatory base provides a credible EU anchor for multi-jurisdiction projects. Cover available across Czech Republic, Poland, Slovakia, Hungary, Romania, and Croatia. Global AA/A+ rated reinsurance capacity acceptable to international lenders and syndication agents in the CEE renewables market.
Renewables Re products are specifically designed to address the due diligence questions that project finance teams raise at credit committee for solar, BESS, and PPA transactions in CEE:
We provide a dedicated lender pack for active transactions, including: policy term sheets, reinsurer rating certificates, formal assignment deed template, and a DSCR impact summary showing how each product supports your base-case revenue model.
Available to project finance teams at credit committee stage. Contact Randhir Kumar Jha, Founder and CEO — Prague.
Request Lender Pack →Renewables Re places each product with dedicated reinsurance capacity — not general treaty. This gives clients certainty of claims payment and gives lenders and offtakers the institutional backing required for bankable insurance solutions.
Our AA-rated reinsurer's specialty energy team provides dedicated capacity for both Solar PV and BESS Warranties and Guarantees Insurance. The established energy yield analytics framework from our AA-rated reinsurer forms the data backbone for the Solar PV product's production guarantee trigger mechanism.
Our A+-rated reinsurer's parametric and specialty energy division provides the structural capacity for HydroShield™. Their expertise in index-linked and parametric triggers maps directly to the H₂ output performance and offtake protection structure.
A partnership with a specialist UAV inspection provider delivers thermographic and electroluminescence drone surveys for Solar PV underwriting. Inspection data feeds directly into the lead reinsurer's yield analytics framework for risk-adjusted pricing.
Hankook Insurance & Reinsurance Brokers s.r.o. · Prague, Czech Republic · IČO 02693607
Renewables Re is the specialty renewables insurance brand of HIB Re — Hankook Insurance & Reinsurance Brokers s.r.o., registered with the Czech National Bank (ČNB) as an independent insurance intermediary under Zákon č. 170/2018 Sb. HIB Re is Prague-based, EU-licensed, and focused on the CEE region.
Our relationships with AA-rated and A+-rated global reinsurers, both active in specialty energy and renewable insurance globally, provide the institutional capacity that makes each Renewables Re product bankable, claims-certain, and scalable across CEE markets.
Zákon č. 170/2018 Sb. · IČO 02693607 · Registration valid until 31.12.2026 · Lighthouse Towers, Holešovice, Prague
Czech Republic home market · Poland, Slovakia, Hungary, Romania, Croatia secondary markets · EU regulatory gateway for CEE renewables projects
AA / A+ Rated Global Panel — access to global specialty energy reinsurance capacity
2-page PDF overview