As both the price for and controversy around fossil fuels continue to grow, renewable-energy risks are becoming an increasingly standard part of many insurers’ portfolios—with wind and solar leading the green-power pack, far ahead of biomass production and hydroelectricity.
Wind, in fact, is one of the world’s fastest-growing energy-related industries: 39,404 megawatts (MW) of wind power was added worldwide in 2010, and the total installed wind-generation capacity globally grew by 25 percent from 2009 figures.
But along with the new business opportunities for the insurance sector come some unique risks.
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