Sustainability is at the forefront of public consciousness after COP26, with a drive for clean energy at the centre of climate action. While the next 10 years have been dubbed the ‘make or break decade’, renewable energy has been gathering pace in the UK for some time. In fact, the UK’s first commercial wind farm was commissioned in 1991.
As more focus is placed on renewable energy and the drive for net-zero, the need to assess the current state of the wind industry becomes more pressing. In order to truly optimise onshore and offshore wind, now is the time to ensure the infrastructure is fit for purpose — and if it isn’t, to put in place the changes needed.
Today 34,000 turbines are 15 years or older, representing 36 gigawatts (GW) of onshore wind capacity. Out of these 36GW, some 9GW came from 20-24 year-old turbines and around 1GW came from turbines 25 years or older. This creates a big market for decommissioning of onshore wind farms over the next decade.1
For onshore wind farms, there are increasing repowering opportunities, such as replacing old models with newer and more efficient models.2
Download Marsh’s full report to find out more about the end of life options for wind generation.
Our team of specialist renewable energy insurance experts understand this ever-changing industry and are here to help. Get in touch with our team today.
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