even nature cannot do without insurance protection

According to the law regarding the priority of renewable energy (the Renewable Energy Law), the proportion of renewable energy sources such as wind, solar and hydroelectric power, biomass and geothermal energy is supposed to make up at least 12.5% of Germany’s total energy use by 2010 and 20% by 2020.
By 2007, renewable energy production in Germany had already reached record levels. At 219 billion kilowatt-hours, renewable energy’s share reached 9 percent of total German energy production, and 14 percent of electricity consumption. The expansion of renewable energy sources in Germany is thus progressing faster than in any other country. However, this growth is made more difficult by the relatively high and therefore long-term investments and the lack of long-term experience in many areas with these young technologies, which to some extent are still quite young.Using detailed and innovative insurance strategies, the GGW Group protects all the interests of the owners and operators of, for example, biogas and biomass power plants and solar photovoltaic systems. In doing so, these newly developed special concepts consider all of the risks that can occur during the construction and operational phases of these installations.

Michael Becker comments: “The insurance concept of the GGW Group protects the commercial success of installations for generating electricity and heat from renewable energy sources through hedging all insurable risks. The income and security expectations of potential investors have also played an important role in the development of our concepts.”