wind power

Intercontinental Exchange, Inc. (ICE) a provider of financial market technology and data powering global capital markets, is launching 15 cash-settled wind futures contracts in December, which will expand its energy offerings into weather derivatives to cover wind generation across seven different European countries.

The Chicago Mercantile Exchange (CME Group) is set to further expand its range of weather risk transfer and hedging products with a plan to launch Wind Power futures and options based on indices provided by Vaisala Xweather later this year.

A number of specialty insurers are increasingly turning to parametric insurance solutions as an effective tool to help support clean energy deployment, particularly by stabilising revenues and improving access to project finance, according to Jason Kaminsky, CEO, kWh Analytics.

Global reinsurance giant Munich Re has provided the capacity to support a parametric wind proxy hedge risk transfer product, structured using a solution from kWh Analytics, for a 79MW, wind project in Virginia, developed by Apex Clean Energy.

Parametric risk transfer and insurance solutions are gaining traction in the renewable energy marketplace, according to broker and risk advisor WTW.

Global reinsurance firm Munich Re has provided the capacity to support a parametric wind proxy hedge risk transfer product structured using a solution from kWh Analytics, for a 59MW, 14-turbine wind project in Maine, developed by a Greenbacker Capital Management affiliated investment vehicle.

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. (GCube).

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.

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 a growing opportunity for reinsurers, […]

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 Germany bringing their forecasts and […]