Title Insurance protects equity investors and lenders in case of challenges to permits for power plants and renewable energy projects.
Whether gas-fired, wind or solar, power plants present significant legal risks. In some cases, there are property title risks, either arising out of ownership or lease issues. This is particularly the case where pipelines and power connections extend over long distances, with problematic rights of way.
More frequently, there are concerns regarding permissions and permits. Project developers and their funders face the risk of challenges to permissions and permits, and financing may be dependent on effective mitigation strategies, including insurance.
Secure Legal Title structures insurance to cover those risks, customized for the jurisdiction and the particular issues confronted by the project. This insurance may cover catastrophic loss of a permit, and it also may cover delay costs as permit challenges are litigated.