Post COP26: Unprecedented growth in renewable energy driving increased use of transition plans, according to WTW
13 Janvier 2022 - 10:00AM
The accelerating growth of the renewable energy sector continues as
companies are looking to transition to a low carbon environment.
The speed of growth is also creating significant demand for
building resilience against climate change, according to WTW
(NASDAQ: WTW), a leading global advisory, broking, and solutions
company, at the launch of its annual Renewable Energy Market
Review.
The report also outlines how the renewables insurance market is
stabilizing with low to mid single-digit price increases expected
in 2022. Some of the key challenges besetting the renewables
insurance market include aged assets, operation & maintenance
and spares, natural catastrophe risk, contractor experience, lender
obligations, the pace of technological change and COVID-19 related
supply chain interruption risks.
Graham Knight, Head of Global Natural Resources, WTW, said: “The
renewable energy industry is transforming at a speed which can be
difficult to track. This can be seen in the record growth in solar
PV and wind capacity additions - beating the previous year’s record
- as well as the increasing interest from insurers in offshore wind
and hydrogen, where synergies in environment and technology
strategies are available. This creates an incredibly complex and
fast evolving environment for the sector, so it is essential that
organisations understand how to manage not only the speed of growth
but also the emerging risks that arise, such as supply chain
issues. At WTW, we are helping renewable energy companies navigate
this complex risk terrain by providing innovative solutions which
can help mitigate risk in this fast-growing sector.”
For more information please visit:
https://www.wtwco.com/en-GB/Insights/2022/01/renewable-energy-market-review-2022
About WTW
At WTW (NASDAQ: WTW), we provide data-driven, insight-led
solutions in the areas of people, risk and capital. Leveraging the
global view and local expertise of our colleagues serving 140
countries and markets, we help organizations sharpen their
strategy, enhance organizational resilience, motivate their
workforce and maximize performance.
Working shoulder to shoulder with our clients, we uncover
opportunities for sustainable success—and provide perspective that
moves you.
Learn more at wtwco.com.
Media contact
Sarah Booker: +44 7917
722040sarah.booker@willistowerswatson.com
Willis Towers Watson Pub... (NASDAQ:WLTW)
Graphique Historique de l'Action
De Jan 2025 à Fév 2025
Willis Towers Watson Pub... (NASDAQ:WLTW)
Graphique Historique de l'Action
De Fév 2024 à Fév 2025
Real-Time news about Willis Towers Watson Public Ltd Company (NASDAQ): 0 recent articles
Plus d'articles sur