With an existing installed capacity of 3.6 GW and an additional ~31 GW of projects, including battery storage in various stages of development, hybrid renewable energy projects are poised to play a crucial role in India’s sustainable energy future.

Wind-Solar hybrid projects are considered one of the most viable options to manage intermittency issues faced by standalone wind and solar power sources. These projects are especially crucial because they optimize land and transmission systems while providing a power supply for a longer duration.

Mercom India will host a webinar titled “Addressing the Challenges and Solutions in Hybrid Renewable Energy Project Insurance” on October 10, 2023, at 3:00 pm IST. The webinar will shed light on the key challenges associated with the insurance of such projects and offer insights into effective risk mitigation strategies.

A distinguished panel of speakers will provide in-depth insights into the changing landscape of the insurance market concerning hybrid renewable energy projects. The esteemed lineup includes Vipul Shetty, Director – Energy Transition at Howden, Amit Sharma, Vice President – Business Development at CleanMax, and Sachin Mansuriya, Lead – Wind Solar Hybrid Projects at Fourth Partner Energy.

The webinar will be moderated by Priya Sanjay, Managing Director at Mercom India.

The complexity of hybrid renewable energy projects demands careful consideration of numerous risk factors. Project developers must navigate a multifaceted landscape from construction and environmental concerns to regulatory issues, technological aspects, and operational hazards.

In response to the evolving challenges, the insurance market is adapting itself by introducing innovative solutions tailored to the renewable energy sector. Selecting the right insurance partner and negotiating favorable terms and conditions have become critical in  ensuring the success of hybrid renewable energy projects.

You can register for the webinar by clicking here.