Latest Issue
 
Windtech International July August 2024 issue

 

FOLLOW US AT

follow

 

follow


Munich Re has become the first insurance group to offer serial loss cover for offshore wind energy units. Corresponding cover for a North Sea wind farm has been signed by REpower, Munich Re and Nordwest Assekuranz.

The cover provides that Munich Re will pay for the repair or replacement of defective turbines or individual components if there are serial losses affecting a number of elements, such as the gearbox, the rotor or the tower. Munich Re will also cover the substantial costs involved in deploying the special vessels required. The five-year cover includes retrofits carried out on units in which defective parts have been installed, even if no loss or damage has been sustained.
 
Use of cookies

Windtech International wants to make your visit to our website as pleasant as possible. That is why we place cookies on your computer that remember your preferences. With anonymous information about your site use you also help us to improve the website. Of course we will ask for your permission first. Click Accept to use all functions of the Windtech International website.