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Expert Analysis

A Project Owner's Primer On Delay In Startup Insurance

Law360, New York (February 3, 2015, 11:46 AM EST) -- Project owners and financiers are increasingly turning to delay in startup insurance to protect themselves from the financial consequences of delays in completion of large new construction projects, particularly for projects that are financed on a nonrecourse or limited recourse basis. DSU insurance can provide risk transfer for power generation, onshore and offshore oil and gas, renewable energy, heavy industry and a wide variety of other complex construction projects featuring large anticipated operational revenue streams. One recent representative example is the 160-megawatt Noor 1 concentrated solar power project in Morocco.[1]...

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