Failure to manage effectively the risks posed by weather-related performance deviations has left the world’s wind owners with $56bn worth of untapped asset values, according to new research from renewables insurance specialist GCube.
Citing resource underperformance as the factor that “has now surpassed mechanical breakdown and component damage as the major obstacle to achieving bankable wind energy projects”, the insurer said the industry has been hit with several recent high-profile failures of operating plants to deliver on their forecasts due to unforeseen wind-speed dips.
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