GCube has launched a new data-powered insurance offering to support the growth of the renewable energy industry, with support from Clire, a company dedicated to maximizing project returns from renewable energy assets. The offering will leverage AI-led analytics and data sets to offer enhanced terms and reduced premiums for wind and solar operating companies. By having Clir onboard a wind portfolio's data set onto its platform, GCube will aim to uncover an asset's meteorological and operational loading, overall component health and reliability, and the impact of current operations and maintenance. These insights will give GCube clarity on its underwriting pricing, and offer more competitive terms where operating projects model with lower risk factors. "Insuring renewable energy has been a tumultuous process over the last decade," said Fraser McLachlan, Chief Executive Officer, GCube Insurance Inc. "Claims from equipment failure, natural catastrophe loss and contractor error have forced some underwriters to exit the market. To continue to offer insurance at sustainable rates for clients, we need to have deeper insights into the risk of failure and operational management of renewable energy equipment."