Model vs Reality: insuring the next generation of US renewable energy

The US energy landscape is changing rapidly, with renewable energy assets becoming larger, more technologically advanced and increasingly concentrated. This growth comes with a risk: a single severe weather event can impact multiple sites. Inconsistent event definitions, fixed modelling assumptions, and a focus on individual locations can distort the view of loss, aggregation, and portfolio risk. 

What can historic losses tell us about the risks facing the new generation of assets? Bringing together perspectives from across renewable energy, insurance and risk, this event will cover the evolution of catastrophe risk to US onshore renewable energy: from the extreme events of recent years and the associated losses, to whether risk modelling is keeping pace with changing characteristics and concentrations of projects being built today. Looking ahead, we'll consider how the industry can build for the future energy demand, including the growing relationship between renewable generation and data centres, and what co-located sites could mean for risk.

The discussion will explore what past losses can teach us, where new concentrations and dependencies could change the risk landscape, and how insurers can support the next generation of US energy infrastructure while managing accumulation, protecting capacity and underwriting with greater confidence.