Global wind turbine order intake hit new highs in 2023 with 155 GW procured for the year, an increase of 16 GW from 2022. As both China and Western markets broke records for order intake, annual investment reached an estimated $83 billion, according to Wood Mackenzie’s “Global wind turbine order analysis: Q1 2024” report. In Q4…
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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…