Current Supply Chain Issues Impacting Renewable Energy-Current Supply Chain Issues Impacting Renewable Energy

Video Transcription

Video Summary

The webinar highlighted supply chain challenges in the renewable energy sector, including impacts from COVID, geopolitical factors, and greenflation. Issues were discussed for solar, wind, and battery technologies, focusing on material sourcing difficulties and risks in fragile supply chains. The dominance of China in processing key resources and the need for innovative battery technologies were emphasized as solutions. The discussion also touched on insurance concerns, workforce shortages, technological advancements, and weather-related damages affecting renewable energy projects. The speakers underscored the interconnected nature of these challenges and the importance of proper planning and insurance coverage for operational continuity. Overall, the webinar provided insights into the complexities of the renewable energy industry and offered recommendations to address risks and support sustainability.

Asset Caption

Date of Publication: July 26, 2023
Duration: 89 minutes

Learn about some of the supply chain challenges involving renewable energy and how that may impact loss exposure. This involves minerals, metals, solar panels and other materials important to building renewable projects. Further, presenters highlight the fundamentals of renewable energy risks noting the importance of greater sharing of risk, collaboration across the supply chain, and planning and preparing for delays.

Meta Tag

Module Inland Marine Insurance Industry

Keywords

supply chain challenges

renewable energy sector

COVID impacts

geopolitical factors

greenflation

solar technologies

wind technologies

battery technologies

material sourcing difficulties

China dominance

innovative battery technologies

insurance concerns