In Utility Week, Luisina Berberian, S&P Global Ratings, discusses the changing risk environment of offshore wind power generation

Offshore wind is an increasingly viable renewable energy source. Growth has accelerated due to considerable cost reductions over the past five years – the mature U.K. industry, for example, has seen costs fall by 32%. And, as new offshore wind projects are installed, the risks associated with their construction and maintenance become clearer.

 

In Utility Week, Luisina Berberian, Associate Director, Infrastructure, S&P Global Ratings, considers the factors driving offshore wind power growth, the current risk environment, and the future of still relatively nascent industry.

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