Charles Taylor’s Dr Keith Lee, Regional Director (Asia), Natural Resources, based in Singapore explains in his article (access via link below) there is a bright future for offshore wind power, but it is one that comes with high risks. From unpredictable weather to mechanical failures, insurers need to navigate a host of challenges faced by the wind industry to safeguard renewable energy investments.
 

Keith has presented on this topic regularly throughout 2024 at key energy events across Asia. 

Learn more about insuring wind turbines from the perspective of a loss adjuster here:

insuring_wind_turbines_white_paper_by_dr_keith_lee.pdf (charles-taylor-group.s3.amazonaws.com)