The winds of change in the wind power industry

14 Mar 2011

The third meeting of the European Wind Turbine Committee (EWTC) was held at the Swiss Re Centre for Global Dialogue on 31 January - 1 February 2011. Representatives of 26 of the leading re/insurance companies active in the wind power segment met to discuss this technology.

Wind power is the fastest growing form of electrical generation. The level of annual installed capacity has grown at an average rate of over 27% per year for the past five years. In 2010, over 300 new offshore fully grid connected wind turbines were erected at cost of EUR 2.6 billion. This represents an 883 MW energy output and a 51% increase compared to the previous year.

The EWTC provides a platform for industry representatives to openly discuss technological issues associated with wind power and to create awareness of the challenges it presents.

Read the whole story on swissre.com.