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CNC Asset - the one-stop shop for Insurance, Warranty and Finance

Wind Turbine Extended Warranty

CNC underwrite wind turbine extended warranty through their CNC WindWarrantyPlus product on behalf of Lloyd's. This covers electrical and mechanical breakdown to the component parts for up to five years.

Vestas, Siemens, Gamesa, Nordex, Endurance, Gaia, Senvion, Vensys, Enercon, Micon are amongst the manufacturers on whose turbines we extend warranties through CNC WindWarrantyPlus. We can give O & M suppliers and installers an "own" label warranty to insure these turbines with CNC WindWarrantyPlus as well as insuring wind-farm owners directly. We cover new, operational and reconditioned turbines.

CNC have a global reach with this product.

Turbines up to twenty years old will be considered.

For further information, please e-mail or call:

Tel: +44 (0)1280 848 800
Fax: +44 (0) 845 652 1953
Email: info@cncasset.co.uk

Because we want you to be absolutely comfortable with the warranty you are buying and because transparency is a CNC Asset Management business policy, the CNC WindWarrantyPlus policy summary can be seen here.

The Extended Warranty Product Details

On-shore or off-shore?

We provide extended warranty for on-shore wind.

Where in the world?

Almost everywhere

What is covered?

If your turbine breaks due to electrical or mechanical breakdown, the warranty will pay for the repair to the turbine. Examples are breakdown of bearings, failure of PCBs, gearboxes and generators.

How long can we provide the warranty for?

Up to 60 months.

What is the limit of protection?

We will pay up to the amount agreed in the warranty schedule, over the life of the warranty.

There is no limit to the number of payments that can be made save that the total amount that can be recovered under the warranty cannot under any circumstances exceed the amount shown in the warranty document's schedule.

There is also a maximum amount any one claim that can be recovered following a breakdown. The amount is shown in the schedule - see full terms and conditions.

What does the warranty pay for?

If your turbine breaks down, we pay for the costs to put it back in working order. This means the costs of labour, parts, one crane visit and reasonable costs of travel, including any overnight stay required spent on your behalf by your O & M company to repair your turbine. We pay for the expediting costs to ship parts from overseas if this is the only way to repair your turbine. We may decide to repair damaged parts rather than replace them.

Is an O & M Contract and Remote Monitoring required?

These must be operative.

What is the level of excess?

The level of the excess varies according to the age and MW of the turbine:

Can the warranty be cancelled?

The warranty cannot be cancelled by the warranty provider or by CNC Asset.

If you are selling the turbine or ceasing to trade, then you can cancel the warranty and obtain a pro rata refund or sell the turbine with the warranty included. In either case the warranty must be claim free. Otherwise you cannot cancel the warranty. If the cost of the warranty is being financed, you should discuss the repayment with the finance company. In the event of the warranty being cancelled, CNC reserve the right to charge a cancellation fee of up to £250.

What's not included?

  • Any electrical or mechanical breakdowns:
    • during the manufacturer’s warranty period.
    • for a period of 60 days from the date the warranty begins if the warranty purchased is not an extension of an existing warranty.
  • No consumable items are covered.
  • Any damage you cause to the turbine by continuing to use it when it is broken.
  • Any damage or breakdown caused by a poor working environment.
  • Failure of the public electricity supply and from surges and variations in the electrical supply.
  • Electrical and mechanical breakdowns if your equipment has not been regularly serviced or maintained.

This is just a summary of the protection.

Can the warranty be applied to new, in situ and reconditioned turbines?

Yes and you will receive the same benefits whether the turbine is new, in situ or reconditioned.

Payment Plan

For large wind farms, payment may be made in instalments.

For micro and medium wind in the UK, payment may be spread over the life of the warranty, subject to status.

Plant and Equipment

  • Crawler excavator
  • Wheel Loader
  • Wheel Excavator
  • Compact Equipment
  • Dumpers
  • Scrapers
  • Dozers

Plant & Equipment

  • Forklift Trucks
  • Materials Handling
  • Generators

Machine Tools

  • Metal forming
  • Metal cutting
  • EDM
  • Plastic injection moulding
  • Plastic extrusion
  • Routers

Other Equipment

  • Plasma screens
  • Materials Handling Equipment
  • Hydraulic motors
  • Power Transmission Output attachments
  • Engines, equipment and associated machinery
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