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Renewable Energy – Emerging Risk Report: Issue 87

A renewable energy engineering class outdoors in western Australia. Learning about the solar dishes.

Climate Change – A Global Risk
Renewable Energy Generation and Storage – A Local Risk

Unimutual’s Risk Manager, Simon Iliffe looks at the adoption of renewable energy infrastructure and technology in the fight against rising global temperatures and the undeniable impacts of climate change.  Universities are not only advancing research into renewable energy technology but also leading the charge by delivering a range of renewable energy and sustainability projects aimed at both reducing their own carbon footprint but also contributing to Australia’s commitment to the Paris Agreement.

The tertiary education sector has not only suffered its fair share of climate change/weather-related property losses, but it has also seen several large losses associated with renewable energy technology.  Part one of this two-part emerging risk report examines the impetus for advancement in renewable energy technology, the different types of renewable energy and those adopted by Australian universities, and the emerging risks associated with renewable energy generation and storage.

In part two, Unimutual’s Senior Risk Engineer Greg Burton will delve into the technical aspects of the risks emerging from renewable energy projects undertaken by Australian universities, with a particular focus on solar generation and energy storage.

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