Aviva and Axis have come together to create a Lloyd’s consortium that is focused on UK onshore renewable energy risks. The consortium aims to create a consolidated solution for risks including onshore wind, solar and battery energy storage systems.

It has a total capacity of £200m and will underwrite qualifying risks in their entirety or seek to take significant lead positions.

The consortium will offer cover including property damage, business interruption and third-party liability. It says referral arrangement are in place for risks with more complex requirements.

Vicky Kent, head of renewable energy and engineering at Aviva, said: “The UK’s renewable energy ambitions require pace, scale and certainty to meet 2030 [net zero] targets. This new consortium brings together the strength of Aviva and Axis to offer brokers and clients a simpler, more coordinated way to secure cover for renewable projects.”

Peter Fitzsimmons, head of international onshore energy at Axis, said: “This consortium delivers large-scale capacity to meet the current demand and future growth of the UK’s onshore renewable energy industry. Through this collaborative approach, together we are providing elevated service and specialist coverage for new renewables projects across the UK and supporting the country’s ambitions to build a world-leading clean energy industry.”