Companies in the conventional power and renewable energy sectors should be preparing themselves to contend with disruption to their businesses from a range of sources, including potentially adverse developments in the insurance market, according to the latest Power and Renewable Energy Market Review from Willis Towers Watson. Key risk findings in the Review include: The… Continue reading Power and Renewable Energy Companies Facing Considerable Disruption: WTW
Tag: alternative energy insurance
Spotlight on the Need for Solar Panel Recycling Plan in the U.S.
The aftermath of a hurricane is devastating and long lasting – from the loss of life to the destruction of homes and businesses. While the focus is on rebuilding and what that will look like as storms are becoming fiercer and more destructive, there are also other critical issues to consider. This includes what happens… Continue reading Spotlight on the Need for Solar Panel Recycling Plan in the U.S.
Microsoft Transfers Risk of Prices that Vary with Wind with Insurer Allianz
Microsoft Corp. has helped develop a way to protect corporate buyers of clean power from electricity prices that go up and down with the weather. The company is using a risk-management tool called a volume-firming agreement for almost 500 megawatts of wind projects, according to a blog post Tuesday. The contracts with the insurance giant… Continue reading Microsoft Transfers Risk of Prices that Vary with Wind with Insurer Allianz
California Lawmakers Set Goal of 100% Renewable Energy Use by 2045
California lawmakers have adopted a plan for the state to transition to an energy grid devoid of electricity generated from fossil fuels by 2045. The state assembly passed the bill on Tuesday and it now awaits Gov. Jerry Brown’s (D) signature. If enacted, it would put California on track to become the first state to… Continue reading California Lawmakers Set Goal of 100% Renewable Energy Use by 2045