Tag: WindFeatured

The Big Drumroll Ends with a Thud: DOE’s Study on the US Power Grid

The Department of Energy last week released its long-awaited grid-reliability study, after months of work at the agency to respond to Secretary Perry’s directive calling for the report. The tone and content of Perry’s April 14th memo suggested to many that the study would inevitably produce a set of findings that coal-fired power plants could take to the bank as proof that they need help from the federal government to stay in operation.

Understanding Risk for New Wind Technology in New Wind Markets

Building a wind farm is no small undertaking.Building a wind farm is no small undertaking. With costs ranging from US $2 million to $5 million per MW installed, the financial backing of a strong insurance partner is a must in order to put stakeholders’ minds at ease. But how do insurance companies evaluate risks and determine premium pricing for projects that are “firsts” such as the first U.S. offshore wind farm or the first use of a new MW-class turbine?