Energy, Power and Utilities risk and risk management

Energy, Power and Utilities

WEF calls for ‘urgent action’ amid energy crisis

Prioritising energy transition is a crucial response to the most severe energy crisis since the 1970s

Exporter confidence plummets amid soaring energy costs

Confidence and demand shocks will result in a loss of $480 billion in exports to Russia and Eurozone countries - Allianz Trade

Wildfire costs grow for solar sector

Wildfires have cost solar owners tens of millions of dollars in losses over the last decade - GCube

Lack of clarity over wind turbine fires

While wind turbine fires are relatively rare, when one does occur, it often results in the total destruction of the asset

Power and utilities gain dedicated cyber cover

Product includes cover for property damage and fines and defence costs arising from regulatory actions, including GDPR

Climate change and ESG transforming mining risk

Mining companies must incorporate ESG, above all climate change into their risk mitigation strategies in order to survive in the future - WTW

The risks and opportunities of cross-border energy sharing

Damage to deep-sea cables - such as those servicing offshore wind projects - has been a major driver of losses within the renewable sector. As grids seek to import and export more of their power via interconnectors, there is an opportunity to learn from these losses

Could energy storage resolve grid volatility?

As power grids seek to adapt to the transition to renewable power generation, energy storage solutions, including battery storage, gas peaking plants and hydroelectricity, are touted as one solution to grid volatility

Managing natural disaster to renewable energy projects: an Asia-Pacific case study

Asia-Pacific’s renewable energy sector is poised for growth, placing greater pressure on finding the best risk management solutions to prevent and mitigate the risks