renewable energy News

UK to Set Up Green Finance Hubs to Encourage Banks, Insurers to Invest in Renewables

The UK will set up green finance hubs in Leeds and London as part of efforts to encourage lenders and insurers to invest in renewable energy and sustainable agriculture. The two cities will host the new UK Centre for Greening …

Massachusetts Governor Charlie Baker Vetoes Sweeping Climate Change Bill

Massachusetts Governor Charlie Baker vetoed a sweeping climate change bill Thursday, just days after top Democratic lawmakers on Beacon Hill vowed to immediately refile and pass it again if the Republican refused to sign the legislation. The bill had been …

Huge Vestas Wind Turbine Collapses in Northern Sweden in Rare Accident

A 230-meter tall wind turbine built by Vestas Wind Systems A/S collapsed at a site in northern Sweden over the weekend. The cause of the accident is unknown and the company is assembling a team that will investigate at the …

Roberts Appointed as Global Renewable Energy Leader, Marsh JLT Specialty

Marsh, the insurance broker and risk adviser, announced the appointment of Hamish Roberts as global renewable energy leader, Marsh JLT Specialty. Effective 1 January, Roberts will continue to be based in London and will report to Andrew George, global head, …

AXIS Insurance Adds 3 Underwriters to Renewable Energy Team in U.S.

AXIS Insurance, the specialty insurance business segment of AXIS Capital Holdings Ltd., announced the addition of three new underwriters to its U.S. Renewable Energy team, effective immediately. Kristopher Williams and Melissa Marsh have both joined the team as renewable energy …

Specialty Broker NARDAC Launches in California

Newport Beach, Calif.-based NARDAC Insurance Services was recently launched by Jatin Sharma and co-founding partners Bill Kost and Brandon Statton. The new brokerage offers general products and services with highly specialized offerings to serve the renewable energy, conventional power, infrastructure …

Marsh JLT Specialty Expands Renewable Energy Team with Appointments in Canada, UK

Insurance broker Marsh announced two senior appointments within Marsh JLT Specialty’s Renewable Energy team, as part of its continued expansion in the global renewable energy sector. Joanne Silberberg has been appointed as Canadian Renewable Energy leader. Silberberg joined Marsh in …

Marsh JLT Specialty Expands Renewable Energy Team in UK, U.S., and Asia

Insurance broker Marsh announced key leadership appointments within Marsh JLT Specialty’s Renewable Energy team. Oliver Holme has joined Marsh in the newly created role of UK and U.S. Offshore Wind leader, reporting to Hamish Roberts, Power leader, and Amy Barnes, …

Climate-Friendly Battery Boom Presents Growing Fire Safety Challenge

The explosion ruptured the dusk settling over the desert in Surprise, Arizona. For hours, smoke had poured from a metal shed packed with lithium-ion batteries at a small electric substation. The batteries were tied to the electric grid, and somehow …

Freak Weather Risks India’s Renewable Energy Goals, Affecting Insurers, Lenders

India’s ambitious plan to take the leadership position among nations as one of largest producers of renewable energy may have run into some unfavorable weather. Freak climatic conditions are damaging renewable energy projects, threatening a business which survives on wafer-thin …