Cost of insuring offshore wind 'doubled' amid heavy losses: leading broker

Losses being suffered by insurance providers said to have provoked ‘very sharp kneejerk reaction’ when it comes to pricing

The renewables sector could take lessons from oil and gas on standards and training to help drive down insurance costs, said Bates.
The renewables sector could take lessons from oil and gas on standards and training to help drive down insurance costs, said Bates.Foto: The International Marine Contractors Association
Published 11 December 2023, 07:44Updated 11 December 2023, 12:50