The transition to renewable energies in Central America is attracting multimillion -dollar investments that promote the energy future of the region. However, these projects face risks that can compromise their sustainability. This was the central axis of the conference presented by Pedro López, sales manager of WTW El Salvador, within the framework of the Regional Energy Congress (Core 2025), under the title “WTW 360º: an integral approach to manage intelligent risks – renewable energy”.
During the presentation, López stressed that failures in wind turbines, transformers or solar investors, as well as design errors, cyber attacks and delays in the supply chain, represent direct threats to the continuity of the projects. These risks are not hypothetical: in Honduras, a tropical storm damaged a wind farm, interrupting the generation and affecting the financial solvency of the company. In Guatemala, a solar project lost millionaire income after the failure of a main transformer. Both cases showed that adequate insurance coverage can make the difference between recovery and collapse.
WTW presented an insurable risk map in the different phases of an energy project:
- Purchase and import of equipment: delays in transport and nationalization, losses during maritime or aerial transfer, and cost overruns due to exchange variations.
- Assembly and construction: Occupational accidents, structural failures, extreme meteorological phenomena or damage to equipment during commissioning tests.
- Operation and Maintenance: Fire, short circuits, accelerated degradation of solar panels, natural disasters and third -party acts.
The analysis revealed that, without a risk management approach, projects can see compromised operational margins, income and net benefits from its initial stage. In contrast, solutions such as the loss of lossing (ALOP) insurance and parametric insurance have become strategic allies, allowing to transfer economic losses linked to phenomena such as hurricanes, earthquakes or variations of solar irradiation.
“The energy transition is not just a goal, it is a shared responsibility. To be sustainable and profitable, we must anticipate and manage intelligence risks. In WTW we offer a comprehensive protection ecosystem, from construction logistics to the operation, which drives a safer, resilient and sustainable energy future for the region,” Pedro López said during his speech.
With this participation in Coren 2025, WTW reaffirms its role as a global advisor and leading insurance corridor, committed to accompanying investors, developers and governments in the construction of a reliable energy infrastructure that guarantees the economic growth and sustainable development of Central America.
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