Daily Archives: February 27, 2024

Cost of insuring offshore wind power ‘doubled’ amid heavy losses: leading broker

The cost of insuring offshore wind farms has reportedly doubled due to heavy losses experienced by insurers in recent years. According to a leading broker, increasing storm damage and engineering deficiencies have driven up insurance premiums for offshore wind projects. … Continue reading

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US sends first commercial offshore wind power to its grid

The United States has achieved a major milestone in renewable energy as the first commercial offshore wind farm began supplying power to the grid. The project, located off the coast of Rhode Island, marks a critical step towards the country’s … Continue reading

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