Aon Risk Solutions has been appointed by global Solar Tower renewable energy technology developer EnviroMission Limited as the exclusive provider of insurance placement and risk consulting services for the construction and operation of EnviroMission’s first Solar Tower power station development in La Paz, Ariz.
When completed, the La Paz Solar Tower is expected to be one of the world’s tallest built structures.
EnviroMission has a Power Purchase Agreement to sell solar-powered electricity from the 200MW La Paz Solar Tower power station to the Southern California Public Power Authority – a power sale agreement to supply SCPPA member utilities with clean, sustainable electricity, free from carbon emissions or reliance on fresh water resources for more than 100,000 typical U.S. households.
“Aon is delighted to support EnviroMission in its deployment of new technology as they work to deliver this historic and iconic project,” said Marshall Nadel, CPCU, managing director with Aon Risk Solutions’ Power Practice. “The Solar Tower will be a shining example of innovation driving sustainable solutions in the energy and renewable power marketplace.”
“The Aon team has already added value to the project, not only through their engagement with risk and insurance risk analysis in key contracts, but in an expanded role to help project stakeholders understand and manage project risk,” said EnviroMission Chief Executive Officer Roger Davey.
Prior to this appointment, Aon demonstrated its experience with various major solar thermal power plant projects in the Western U.S. as insurance broker and risk consultant to a major contractor, owner/developer and outsourced risk manager. In addition to Aon Risk Solutions’ Power Specialty Group, Aon Construction Services Group will be working to support EnviroMission’s Solar Tower development.
