Insuring offshore wind farms: What developers need to know

By Michelle Froese A Q&A with senior underwriter, Jonny Allen
Jonny Allen with Travelers.
Offshore wind is quickly gaining momentum in the United States. The last year brought a wealth of new news stories related to offshore auctions and state commitments to developing wind farms, particularly in the Atlantic. Although the focus has been on siting and environmental permitting, one critical aspect of new wind project development is insurance.
Offshore wind turbines are at greater risk of component failure and downtime because of the stronger winds, higher moisture, and harsher conditions compared to land-based turbines. There are also risks to wind technicians and workers requiring vessel

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