As more businesses embed sustainability and resource security into their business strategies, demand for renewable energy is increasing. However, renewable energy project owners often encounter significant challenges with obtaining appropriate insurance coverage, which could slow down development and resilience efforts.
In this episode of Risk in Context, Funké Adeosun, global head of renewable energy consulting within Marsh Speciality’s Energy, Power, and Renewables Division, talks to Mike Kolodner, Marsh’s Global Renewable Energy and US Power Leader, about the issues that renewable energy companies are facing as they seek to fulfil lenders’ insurability requirements and the increasingly important role that risk managers play in helping companies identify and manage their risks. Thi Lee, director of risk management at Pine Gate Renewables, Lorena Torres, director of risk at Clearway Energy, and Joe Meaney, vice president of global insurance and risk engineering at AES Corporation, also share their perspectives about the industry’s growth and the importance of robust risk management processes.
Energy & Power Leader
United States
Mike Kolodner is Marsh’s Global Renewable Energy and US Power Leader. A former US Naval nuclear submarine officer, he has more than 20 years of operational, brokerage, advisory, and underwriting experience in clean energy risk and insurance management. Based in Boston, he leads an integrated team of more than 250 renewable energy specialists around the world.
