Tag: WindFeatured

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?