Installed global-wind-power capacity is expected to more than double by 2016 from 2010 levels.
Such massive and global expansion of demand for wind turbines is good news for manufacturers. But naturally these manufacturers, whether large original-equipment manufacturers (OEMs) or smaller component-parts producers, also face a number of risks which can cripple a company lacking the proper coverage, says Amy Ingram, the Tampa, Fla.-based vice president and worldwide clean tech segment manager for the Chubb Group of Insurance Cos.
A key measure manufacturers can take to mitigate those risks: detailed design specifications, including a clear understanding of which party is responsible for developing them, Ingram says.
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