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Damaged cables and vessel collisions | Insurance giant Allianz names top offshore wind risks - Recharge

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Damaged cables and vessel collisions | Insurance giant Allianz names top offshore wind risks | Recharge

Cable damage is the biggest single cause of offshore wind claims and vessel collisions with projects are on the rise, said insurance giant Allianz as it gave a rundown of the biggest risks facing the sector.

Damaged cables and vessel collisions | Insurance giant Allianz names top offshore wind risks

Larger and more numerous turbines plus moves into new technologies to need careful management, says German group

21 September 2023 8:21 GMT Updated 21 September 2023 8:21 GMT
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Related Knowledge Center: ENERGY BASICS: wind

State of Play

Decades of government support for the development of wind energy has resulted in lower costs and a rapidly growing share of electricity generated by wind turbines. Wind in 2019 accounted for 7.3 percent of electrical generation, surpassing for the first time hydropower at 7.0 percent. 

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