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Renewable Energy Market Review 2021

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Climate Risk and Resilience|COVID 19 Coronavirus

By Robin Somerville | January 18, 2021

How prepared is your business in facing the challenges brought on by COVID-19 and climate change in the renewables industry?

In these unprecedented times, the global renewable energy industry is going through a significant period of transition, primarily instigated by climate change and of course now exacerbated by the effects of COVID-19. But just how prepared is the renewables industry to meet the risks and challenges that it currently faces?

The review considers:

  • Why changes in the overall global energy mix have brought their own shift in the renewables risk landscape.
  • The key threats and challenges that the industry must meet in order to manage its emerging climate risk.
  • The strategic role that risk managers can play in the renewables industry response.
  • A roundup of conditions in today’s challenging insurance market for the renewables sector.

You may also enjoy our webinar on this topic, please see below.

Managing the transition: risks and challenges for the renewables industry

This is a recording of the webinar which was held for the launch of this Renewable Energy Market Review 2021. Our global Natural Resources team gather with expert panelists to discuss the challenges and risks seen in the renewable energy industry.


Table of Contents


Part One

  1. The energy transition: risks and challenges for the renewables industry


  2. Wake up and smell the coffee: why the rise of the renewables poses its own risks and challenges


  3. Enhancing your ESG response: the strategic role of the risk manager


  4. A client’s perspective: the strategic role of the risk manager


  5. Geopolitics of an electrified world: transformative threats to the resilience of the renewable industry


  6. Hydrogen: an option to meet climate change goals?


  7. The future of Offshore Wind: an underwriter’s view


  8. The advent of Green Finance: here to stay!


  9. Southeast Asia: the rise in renewable energy


  10. The “Green Belt and Road”: China’s journey to carbon neutrality


Part Two

  1. Key issues affecting renewables risk


  2. State of the art analytics: a critical risk management tool in a hardening insurance market


  3. Renewables industry losses: why they still happen, despite good risk management


  4. My asset values are falling: so why isn’t my insurance premium?


  5. Ensuring a smooth insurance handover: what risk managers need to know


  6. Lost in transmission: the threat to Australia’s renewable energy industry


  7. Wildfire risks and vegetation management: why you need a plan!


  8. Wind turbine pitch bearings: why risk managers should take note


  9. Floating Offshore Wind: key considerations


  10. Microcracks: a macro problem?


  11. Solar trackers: chasing the sun and weathering the storm?


  12. Reflections in the sun: Floating Solar


Part Three

  1. The Renewable Energy insurance markets in 2021


  2. The Renewable Energy insurance market in 2021: current threats and challenges


  3. COVID-19: testing times for the Renewable Energy market


  4. London & European Renewable Energy markets: responding to unprofitability


  5. Global Liability/Casualty markets: unremitted gloom for buyers as insurers continue to suffer


  6. North American Renewable Energy market: wildfires fuel the hardening process


  7. International Renewable Energy Markets: updates from Beijing, Dubai, Miami, Singapore and Sydney


  8. Contributors and contacts


You can also download the document below.


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Title File Type File Size
Renewable energy market review 2021 PDF 19.3 MB
Author

Business Development Director for Willis Towers Watson Natural Resources

Related content tags, list of links Article Natural Resources Climate Change COVID-19 (Coronavirus)
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