Crescenta Valley Insurance – Renewable Energy Insurance Specialists

CRESCENTA VALLEY INSURANCE

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Renewable Energy Insurance Specialists

Protecting “Hard to Place” Solar Farms & Wind Energy Projects.

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Renewable Energy Market Overview

757

Billion kWh from Wind + Solar in 2024 (Record High)

98%

Of New US Power Capacity in Q1 2025

50%

Clean Energy Share for First Time in March 2025

153GW

Expected Solar Capacity by End of 2025

31%

Renewables Share of Total US Generation

2029

Projected Year Renewables Surpass Natural Gas

Bottom Line: Renewable energy is the fastest-growing sector in American electricity generation,
with solar leading at 21 consecutive months as the largest source of new capacity additions.

Essential Insurance & Bonding for Solar Farms

🏗️ Construction Phase Coverage

✓
Contractors All Risk (CAR) Insurance
✓
Marine Cargo Insurance for imported equipment
✓
Performance & Payment Bonds ($10,000 per acre minimum on federal lands)
✓
Construction delay coverage
✓
Equipment breakdown protection

⚡ Operational All Risk (OAR)

✓
Property damage from hail, wind, lightning
✓
Business interruption & lost revenue
✓
Mechanical & electrical breakdown
✓
Solar panel efficiency guarantees
✓
Advanced stowing system coverage

🛡️ Liability & Specialty Coverage

✓
Commercial General Liability
✓
Environmental liability
✓
Workers’ Compensation
✓
Professional liability for engineers
✓
Cyber liability for smart grid integration

📋 Decommissioning & Reclamation

✓
End-of-life removal bonds
✓
Site restoration guarantees
✓
Environmental cleanup coverage
✓
Equipment recycling compliance
✓
Land use restoration (24″ below grade)

Wind Farm Insurance & Bonding Solutions

🌪️ Wind-Specific Risks

✓
Turbine blade damage coverage
✓
Lightning strike protection
✓
High wind speed shutdowns
✓
Gearbox & generator failures
✓
Ice loading damage

💰 Revenue Protection

✓
Production Tax Credit (PTC) coverage
✓
Power Purchase Agreement guarantees
✓
Weather-related production shortfalls
✓
Grid curtailment compensation
✓
Capacity factor insurance

🏗️ Construction & Installation

✓
Crane & lifting equipment coverage
✓
Transit insurance for components
✓
Turbine erection risks
✓
Performance bonds ($20,000 per turbine on federal land)
✓
Weather delay protection

🌊 Offshore Wind Specialty

✓
Marine all risk coverage
✓
Subsea cable protection
✓
Installation vessel insurance
✓
Environmental impact liability
✓
Decommissioning (30″ below seabed)

State-Specific Coverage Areas

🌞 California

100% clean energy by 2045 mandate. Leading solar market with 131GW capacity. Comprehensive RPS program and strict environmental requirements.

⭐ Texas

Largest wind energy producer. Over 1/3 of new solar installations nationwide. ERCOT grid integration challenges require specialized coverage.

🎰 Nevada

50% renewable energy by 2030. Exceptional solar resources and expanding utility-scale projects. Strong state incentive programs.

🌾 North Dakota

31% electricity from wind (2020). Rank 7th nationally for wind capacity. Carbon neutrality goal by 2030 drives renewable growth.

🛢️ Oklahoma

Major wind energy expansion. Strong rural energy programs. Specific decommissioning requirements (30″ below grade removal).

🏭 Pennsylvania

Growing solar market with manufacturing base. AEPS renewable portfolio standard. Complex utility regulations require expert navigation.

🏜️ New Mexico

Excellent solar resources and expanding renewable mandates. Renewable Energy Act drives utility-scale development.

Green Energy Fun Facts

🛩️

The Solar Impulse 2 was the first aircraft to fly around the world powered entirely by solar energy, completing its journey in 2016 without burning a single drop of fossil fuel!

🏔️

Iceland gets 100% of its electricity from renewable sources and heats 90% of homes using geothermal energy from the Earth’s natural heat.

☕

A single wind turbine can generate enough electricity to power 1,400+ households annually – that’s equivalent to making 230 million cups of tea!

🏗️

China built 100GW of wind farms in 2020 alone – more than the rest of the world built in 2019, enough to power nearly 3 times all UK homes!

🌊

Some hydroelectric plants have “fish ladders” – staircases that help fish navigate around dams, proving that renewable energy can work in harmony with nature.

💼

Clean energy jobs outnumber fossil fuel jobs by more than 2.5 to 1, and when excluding oil, that ratio jumps to 5 to 1 – the future workforce is renewable!

Alternative Energy