Understanding Wind Farm Exposures and Managing Risk

Wind energy is becoming one of the most widely used sources of renewable energy. In fact, according to the American Wind Energy Association, the wind energy industry has added more than 35 percent of all the new power generating capacity since 2007. As the industry grows in popularity, new developers continue to enter the market, and existing developers may likely expand their investments in wind farms.

As developers know, constructing a wind farm is a multi-step, complex process where each phase, from site selection to maintenance and operations, necessitates attention to detail. But those immersed in the industry understand that the risks come from every direction and at every stage, even before the first blade turns, to capture energy from the wind.

To cope with those risks, it is critical that wind farm developers find insurance that addresses the unique exposures of their business. Their goal in choosing an insurer should be the seamless delivery of coverage that helps them manage risk throughout the lifecycle of operation.

via Understanding Wind Farm Exposures and Managing Risk | Renewable Energy News Article.

Categories: Electricity, Energy, Finance