How many offshore wind insurance issues? The answer, my friend, is blowin' in the wind

Jonathan Bruce, of HFW LLP, discusses changing risks for the offshore wind industry

The world has recently been teetering on the brink of the greatest oil supply crisis in history. Future energy security dictates that the expansion of power generation based on renewables, including offshore wind, must be speeded up exponentially. Even before the 2026 Iran war, which has highlighted the world's alarming vulnerability to oil and gas shortages, the International Energy Agency was forecasting that offshore wind was expected to increase by a factor of about four times between 2015 and 2030.