As insurance adviser and broker for the wider Marinus Link project, Lockton provided guidance on insurable and non-insurable risks, identifying the parties best placed to assume and/or insure these risks while meeting project finance requirements.
Stage 1 of Marinus Link project will deliver a 750 MW high-voltage direct current (HVDC) cable system, comprising 255 kilometres undersea and 90 kilometres underground. Once completed, the project will more than double the electrical transfer capacity between Tasmania and Victoria, unlocking Tasmania’s “Battery of the Nation” potential, supporting new renewable generation, and strengthening energy security across states.
Lockton worked closely with the Marinus Link team throughout the development phase. Drawing on the expertise of its global energy practice, the firm provided specialist risk and insurance advice from the earliest planning stages through to Financial Close.
Alistair Williams, National Manager – Energy Construction at Lockton, said: “Reaching Financial Close on a project of this scale is a landmark moment for Australia’s energy transition. We are proud to have supported Marinus Link with specialist risk and insurance expertise, helping deliver a bankable insurance program that underpinned the project’s success. We look forward to continuing this partnership through the delivery phase.”
Insurance plays a critical role in underpinning major energy and infrastructure projects, particularly those subject to project finance.
Construction of Marinus Link is scheduled to commence in 2026, with Lockton continuing to support the project through delivery – reinforcing its commitment to transformative infrastructure that drives clean growth and energy resilience.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.