Case Study: a utility-scale energy developer expands its operational solar program with Shepherd

a utility-scale energy developer binds $10M x $10M solar coverage with Shepherd

A utility-scale energy developer needed to bind an insurance program for an operational solar asset and quickly add a second solar-plus-storage asset that was coming online shortly thereafter. The developer worked with their broker at Lockton and the vendor, Shepherd, to secure coverage.

Shepherd wrote a $10M x $10M layer for the first asset. Because of proactive planning, they were positioned to seamlessly absorb the second asset into the same program via a policy endorsement shortly after the first bound. This provided the customer with a scalable portfolio program and gave their broker a reliable market for future renewable energy clients.