“Munich
Re
will
pay
for
the
repair
or
replacement
of
defective
turbines
or
individual
components
if
there
are
serial
losses
affecting
a
number
of
elements
–
such
as
the
gearbox,
the
rotor
or
the
tower,”
says
a
statement.
The
insurer
will
also
pay
for
deploying
specialist
vessels
to
carry
out
the
work.
Munich
Re
says
the
insurance
cover
gives
Suzlon-owned
REpower
security
against
its
guarantees,
which
have
the
potential
to
rack-up
heavy
costs
if
significant
repair
work
at
sea
is
needed.
It
also
adds
to
investor
confidence
in
the
offshore
wind…
