Renew Risk has launched a dedicated risk modelling module for electricity interconnectors.

Developed with Aviva, the Interconnector Risk Module is designed to help insurers, developers and investors assess individual assets using factors including route length, burial depth, seabed conditions, installation methods and geographical location.

Developed as an add-on to Renew Risk's UK & Ireland Windstorm Model (UKWS) and European Windstorm Model (EUWS), the new module addresses a rapidly expanding segment of Europe's energy infrastructure market.

Interconnector exposure data will also be added to Renew Risk's Industry Exposure Database, giving underwriters and analysts access to asset-level information.

Renew Risk CEO, Dr Joshua Macabuag, said: “Interconnectors are becoming some of the most important assets in Europe's renewable energy system, yet the industry has been pricing many of them using models never designed for the complexity we're seeing today. That creates inefficiencies throughout the market, from insurance pricing to investment decisions and project financing.

"By creating a dedicated interconnector risk module, we're giving stakeholders the ability to assess assets based on actual characteristics rather than broad assumptions. Better risk intelligence doesn't just improve underwriting outcomes; it has the potential to reduce the overall cost of risk for well-designed projects, unlock additional insurance capacity and ultimately lower the cost of delivering critical energy infrastructure.”

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