Offshore wind industry poised for growth, but economic pressures and tech innovation need to be managed energyglobal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from energyglobal.com Daily Mail and Mail on Sunday newspapers.
In its new report, ‘A turning point for offshore wind’, Allianz Commercial highlights growth opportunities, tech innovations, risk trends, and loss patterns for the global industry. / Damage to cables is the top cause of insurance claims, followed by turbine failure. / Speed of build-out is creating pressure on materials and supply chains, port infrastructure, and available construction and maintenance vessels. / Bigger turbines and new technology drive bigger exposures for insurers which need to be understood in partnership with developers. / Weather and natural catastrophe risks are increasing as sector expands into new territories.
Offshore Wind Industry Poised for Growth, but Economic Pressures and Tech Innovation Need to Be Managed tmcnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tmcnet.com Daily Mail and Mail on Sunday newspapers.
The offshore wind industry is poised for growth, but economic pressures and technological innovation need to be managed, says Allianz Commercial in its new report.