Aon Risk Solutions appointed exclusive risk advisor for EnviroMission Solar Tower, expected to be one of world's tallest structures

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May 09, 2012, 09:00 ET

LONDON, May 9, 2012 /PRNewswire/ -- Aon Risk Solutions, the global risk management business of Aon plc (NYSE: AON), has been appointed by global Solar Tower renewable energy technology developer EnviroMission Limited (OTCQX: EVOMY, ASX: EVM) as the exclusive provider of insurance placement and risk consulting services for the construction and operation of EnviroMission's first Solar Tower power station development in La Paz, Ariz.

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When completed, the La Paz Solar Tower is expected to be one of the world's tallest built structures.

EnviroMission has a Power Purchase Agreement to sell solar-powered electricity from the 200MW La Paz Solar Tower power station to the Southern California Public Power Authority – a power sale agreement to supply SCPPA member utilities with clean, sustainable electricity, free from carbon emissions or reliance on fresh water resources for more than 100,000 typical U.S. households.

"Aon is delighted to support EnviroMission in its deployment of new technology as they work to deliver this historic and iconic project," said Marshall Nadel, CPCU, managing director with Aon Risk Solutions' Power Practice. "The Solar Tower will be a shining example of innovation driving sustainable solutions in the energy and renewable power marketplace."

"The Aon team has already added value to the project, not only through their engagement with risk and insurance risk analysis in key contracts, but in an expanded role to help project stakeholders understand and manage project risk," said EnviroMission Chief Executive Officer Roger Davey.

Prior to this appointment, Aon demonstrated its experience with various major solar thermal power plant projects in the Western U.S. as insurance broker and risk consultant to a major contractor, owner/developer and outsourced risk manager. In addition to Aon Risk Solutions' Power Specialty Group, Aon Construction Services Group will be working to support EnviroMission's Solar Tower development.

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About Aon
Aon plc (NYSE: AON) is the leading global provider of risk management, insurance and reinsurance brokerage, and human resources solutions and outsourcing services. Through its more than 61,000 colleagues worldwide, Aon unites to empower results for clients in over 120 countries via innovative and effective risk and people solutions and through industry-leading global resources and technical expertise. Aon has been named repeatedly as the world's best broker, best insurance intermediary, reinsurance intermediary, captives manager and best employee benefits consulting firm by multiple industry sources. Visit www.aon.com for more information on Aon and www.aon.com/manchesterunited to learn about Aon's global partnership and shirt sponsorship with Manchester United.

About EnviroMission:
EnviroMission Limited is a public listed Australian company on the ASX (Australian Securities Exchange - ASX Code: EVM) and on the OTCQX foreign securities platform in the United States (OTCQX Code: EVOMY). EnviroMission is the global developer of the Australian Solar Tower renewable energy power station concept being commercialized in the United States. EnviroMission Inc is a 100% owned subsidiary of EnviroMission Limited and provides local management and representation for EnviroMission in the U.S. market. Solar Tower power station technology is large-scale installed capacity electricity generation technology, to deliver sustainable clean electricity to the wholesale electricity market. For additional information please visit www.enviromission.com.au