Posted by: Windfair Editors
Larger turbines = more defects
Official Press Release GCube Insurance:
Offshore Wind Turbine Scaling is Creating Unsustainable Market Risks
8MW+ machines suffer component failures within first 2 years of operation, while 55% of all turbine claims now come from 8MW+ component failures during construction / Full cost of claims ‘long tail’ yet to emerge, but set to drive historic highs of claims frequency and severity, posing risks to inexperienced insurance market entrants / Specialist underwriter urges renewed focus on quality and reliability of a reduced number of turbine products to put industry back on a sustainable path
The offshore wind sector must take action to address a rising tide of mechanical breakdown issues, component failures and serial defects ensuing from the deployment of ever-larger offshore wind turbines. This is according to GCube Insurance (GCube), a leading underwriter for renewable energy... ... More: Official Press Release GCube Insurance
- Keywords:
- GCube Insurance, scaling, wind turbine, offshore, MW, scale, Vertical Limit, report, technology, breakdown, component failure, serial defect, deployment