wind farms News

Storm Ophelia Set to Slam Coast of Ireland; Extreme Winds, Flooding Expected

Irish authorities warned some of the worst weather conditions to hit the country in 50 years will endanger lives, as Storm Ophelia’s remnants batter the coast with “extreme” conditions. Met Eireann, the nation’s weather service, extended its most severe warning …

Ireland Readies for Hurricane Ophelia, One of Its Strongest Storms in 50-Plus Years

Ophelia strengthened into a Category 2 hurricane forecast to strike Ireland, where one of the nation’s strongest storms in half a century threatens everything from farms to a golf course owned by the family of U.S. President Donald Trump. Ophelia’s …

Sompo Launches Model to Evaluate Wind Farm Risks

The Sompo group companies have launched a model for evaluating risks to onshore and offshore wind farms. The model, which provides key pricing and cat modeling data for insuring the construction and operation of wind turbines, was created by Sompo …

Allianz to Boost Clean-Energy Investments; Eyes U.S. Wind Market

Allianz SE is boosting its investments in clean-energy in the coming years and is looking to enter the U.S. wind market. The insurer’s Allianz Deutschland unit will raise its annual investment into renewables, mainly wind, about 75 percent to 350 …

Munich Re First to Offer Offshore Wind Energy Serial Loss Coverage

Munich Re announced that it has “become the first insurance group to offer serial loss cover for offshore wind energy units. Corresponding cover for a North Sea wind farm has been signed by Marcus A. Wassenberg, Chief Financial Officer of …