Baseball-Size Hail Makes Insuring Solar and Wind Farms Pricier August 2, 2023 By Mark Chediak The Scottsbluff solar farm in western Nebraska was built to withstand most hailstones. But the icy pellets that rained down...
Siemens Energy Investigates Wind Unit With Twin Taskforces July 10, 2023 By Wilfried Eckl-Dorna Siemens Energy AG has established an internal taskforce and supervisory board committee after a string of quality problems with its...
Siemens Energy’s Turbine Troubles Rattle Wind Sector July 7, 2023 By Christoph Steitz and Nina Chestney Siemens Energy’s disclosure of quality issues in its newer wind turbine models has exposed broader challenges in a sector suffering...
Wind Turbines That Shake and Break Cost Their Maker Billions July 3, 2023 By William Mathis, Wilfried Eckl-Dorna and Rodrigo Orihuela Wind turbines make money when they spin. But when they shake, it can cost billions. Siemens Energy AG is struggling...
European Energy Developers Play Down Siemens Gamesa’s Wind Turbine Troubles June 29, 2023 Major wind power developers including Iberdrola, RWE, EDP Renovaveis and Orsted played down the impact of potential problems with Siemens...
Here Are Details of Quality Issues Affecting Siemens Gamesa’s Wind Turbines June 26, 2023 By Nina Chestney and Christoph Steitz Shares in Siemens Energy continued to fall on Monday following a record sell-off in shares last week that was triggered...
Russia-Aligned Hackers Pose Threat to Canada Energy Sector, Spy Agency Says June 23, 2023 Russia-aligned hackers could seek to disrupt Canada’s powerful oil and natural gas sector, especially since Ottawa is a strong backer...
Insurers Balk at Coverage for Firm Accused of Delivering Damaging Biofuel to Customers April 17, 2023 Two Crum & Forster subsidiaries have asked a federal court in Massachusetts to declare that they have no duty to...
Beat Capital Launches Specialist Energy Insurance Business With Charlton as CEO April 5, 2023 Beat Capital Partners, a long-duration venture-capital investor that specializes in the insurance industry, announced the launch of a specialist energy...
German Insurers Renew Cover for Blast-Damaged Nord Stream 1 Gas Pipeline April 4, 2023 By Jonathan Saul, Carolyn Cohn, Christoph Steitz and John O'Donnell German insurers Allianz and Munich Re have renewed cover for the damaged Russia-controlled Nord Stream 1 gas pipeline, five sources...