Challenges ahead as complex risk of renewables drives up costs

Mounting pressure on governments and insurers to adopt more sustainable models is driving investment in renewables. But climate change coupled with an adjusting insurance market is making renewables projects more expensive to insure.

'The positions taken in support of clean energy often traverse both the traditional risk transfer and corporate investment decision.’  Steven Munday, global renewable energy leader at Willis Towers Watson.

• Renewables insurance market faces adjustmens
• Insurers review cyber risk related to renewable sector
• Climate change could hit feasibility of certain projects 
• Demand for weather exposure protection continues to rise 

 As investment in renewable energy grows, climate change and complex risk could make certain technologies unfeasible for insurers to cover.