The Permit Challenge tool.
As renewable energy developments become more widespread, their impact on the environment and communities is becoming more contentious. As a result, permit challenges are on the rise. And the cost of a delay or a challenge being upheld are significant.
Indemnity you buy after-the-event.
Our judicial review tool is an innovative solution to challenges to permits for renewable developments. It is an after-the-event financial indemnity tool that mitigates the risks associated with a challenge. Every policy is individually underwritten, so the sooner you contact us once a challenge becomes live, the better the terms we can offer.
Protecting you from financial impact.
The judicial review tool will cover you for the financial losses that follow on from a challenge being launched. You will be compensated for partially positive and negative outcomes, including:
- Interruption to your project development or operation
- Change to the permit resulting in new financial projections
- Annulled permits resulting in your project being scrapped
Retain investment confidence
A permit challenge can send shockwaves through an investor’s organisation as it assesses its risk and reassesses its appetite for the project. Putting the development on hold while it does so has an immediate cost, and could lead to further legal disputes with contractors. With access to, and analysis of vast pools of data, our underwriting and legal experts can provide the financial indemnity cover you need to satisfy your lending criteria, so developments can continue without interruption.
Improve asset bankability
As with our entire suite of tools, the effect of using the judicial review tool is to uprate your asset. By transferring the risk off your balance sheet, and onto that of an AA- rated insurer you can:
- Improve your ability to achieve your goal for each asset
- Hold less reserves
- Deploy more capital into more projects