Nations Strike Deal at COP28 to Transition Away From Fossil Fuels December 13, 2023 By Valerie Volcovici, Gloria Dickie and William James Representatives from nearly 200 countries agreed at the COP28 climate summit on Wednesday to begin reducing global consumption of fossil...
Hailstorm Claims Risk Undermining Solar Energy, Insurer Says December 6, 2023 By Tope Alake Solar farms around the world are under threat due to costly hailstorm-related claims, according to renewable energy underwriter GCube Insurance....
Wind Power Industry Hit by Perfect Storm of Supply Chain Delays, Design Flaws, Costs September 28, 2023 By Nina Chestney A perfect storm of supply chain delays, design flaws and higher costs in the offshore wind industry has put dozens...
Ariel Re Relaunches Clean Energy Division, Focusing on Tech Performance Insurance September 27, 2023 Ariel Re, the Bermuda-based re/insurer, has relaunched its Clean Energy division as “Ariel Green,” in recognition of the increasingly crucial...
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...
Sedgwick Launches Power and Energy Division in UK June 22, 2023 Sedgwick, the Memphis, Tenn.-based loss adjuster, has launched a new power and energy division in the UK, under the leadership...
Cyberattacks on Renewables: The Stuff of Nightmares for Europe’s Power Sector June 15, 2023 By Nora Buli, Nina Chestney and Christoph Steitz Saboteurs target a nation leading the world in clean energy. They hack into vulnerable wind and solar power systems. They...
G-7 Ministers Set Big New Targets for Solar Power and Offshore Wind Capacity April 17, 2023 By Katya Golubkova and Yuka Obayashi SAPPORO, Japan — The Group of Seven rich nations on Sunday set big new collective targets for solar power and...