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Weather risk the biggest threat to wind energy sector

Weather risk due to a lack of wind, or resource risk as its known in the sector, is the major threat to wind energy markets and wind farm operators, with the inability to transfer the weather risk adequately often leading to sub-par project performance, according to specialists GCube Underwriting Ltd. read the full article →

Endurance in multi-year wind hedge with Meridian Energy Australia

Endurance Global Weather, a weather hedging and weather risk management focused unit of Bermudian specialty P&C insurance and reinsurance firm Endurance Specialty Holdings Ltd., has completed a multi-year wind hedge transaction with Meridian Energy Australia.Meridian Energy Australia, a leading Australian electricity supplier that uses environmentally sustainable renewable resources, selected Endurance read the full article →

As global energy exposures grow opportunities emerge for reinsurance and weather risk transfer

A report published today by reinsurer Swiss Re looks at the growing energy markets, how they are forecast to change and grow as renewable energy sources become ever more important and policy begins to reflect climate science and how they will require financing and risk transfer solutions. The report identifies read the full article →

MDA EarthSat Weather expand wind generation forecast to include Europe

MDA EarthSat Weather, a consulting group for weather risk and commodity weather products and services, have announced the expansion of their current wind generation forecast product range. They are expanding their focus beyond the U.S. and will now offer forecast data and information for stations in the UK, Ireland, and read the full article →

U.S. wind speeds above normal during Q2 2011

The second quarter of 2011 has been good for wind energy producers across the bulk of the U.S. after wind speeds have been reported to be generally elevated above normal across much of the country in a report from 3TIER®, a global leader in renewable energy risk analysis.Their wind performance read the full article →

Energy markets still the primary users of weather risk management tools

At the recent Weather Risk Management Association's (WRMA) 13th annual meeting held in Houston, Texas earlier this month participants on a panel about power and natural gas agreed that the energy markets continue to be the primary users of weather hedging and weather risk management tools.The energy markets including power read the full article →

Wind power industry can now hedge the financial risk of wind variability

A really interesting new weather risk hedging product designed to help the wind power industry hedge the financial risk of wind variability has just been announced in a joint statement by renewable energy risk analysis firm 3TIER® and Galileo Weather Risk Management. They've collaborated to create a financial instrument that read the full article →