When it comes to wind turbines, the bigger they are, the harder they work, generating more renewable offshore wind energy, and a greater return on investment for developers. As a result, next-gen turbines are growing, and their components are getting larger and heavier. To meet the enhanced installation and maintenance requirements of their components, the equipment…
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As wind turbines grow larger, so do risks in tornado-prone areas
Underwriting insurance for wind turbines involves a comprehensive evaluation of factors that can influence the risk and potential losses associated with these structures. Insurers consider a range of specific elements to determine the level of risk and to determine insurance premiums. Key factors involved in underwriting wind turbine insurance include the geographic location and climate…