Offshore wind insurance
Insuring the future of renewables
Offshore wind is scaling fast with larger turbines, newer technologies and growth in emerging markets. However, against this positive backdrop, insurance could hamper offshore wind growth if risks aren’t correctly understood and managed early. In response to growing industry calls for greater collaboration between developers and insurers, the Carbon Trust convened a roundtable in March 2026 focused on the key insurance-related bottlenecks and potential solutions to overcome these and accelerate progress.
The offshore wind insurance roundtable made one thing clear: offshore wind and insurance will grow faster if we can work together where it matters most. The Carbon Trust is excited to be exploring where greatest impact can be had in convening across the industry to align key priorities, overcome barriers and de-risk innovation to keep projects bankable.
We have an opportunity to establish best practice across all areas of offshore wind from technical solutions and operations to contracting principles and insurance by bringing together expertise from stakeholders across the project. GUH looks forward to bringing our focus and work in these areas with the Carbon Trust to define industry solutions which support projects.
Events
WFO – Asia Pacific Summit - July 1-2 2026, Tokyo
Christina Starost on insurance sector challenges in offshore wind, focusing on key outputs from the Carbon Trust roundtable and why cross-sector collaboration is critical.
Global Underwater Hub conference and workshop - 20 May 2026, London
The Carbon Trust co-facilitated a workshop on subsea cable insurance focusing on insurability and cable monitoring. The discussions identified a need to strengthen stakeholder understanding of core insurance principles.
Insurance round table - 11 March 2026, London
The Carbon Trust hosted a roundtable with insurers, developers, academics, and trade associations to dive into the main industry blockers and opportunities to overcome these. Greater collaboration and what this can deliver was central to the discussion.
The Carbon Trust's upcoming whitepaper - Beyond the Headwinds: Increasing collaboration in Offshore Wind Insurance
Building on the momentum of the Carbon Trust’s March 2026 offshore wind insurance roundtable, which brought together leading voices from across insurance, developers, and industry bodies to tackle critical barriers to sector growth, we will shortly publish a new whitepaper that sets out a clear pathway forward.
Drawing on insights from this important discussion, where challenges such as data sharing, risk allocation, and the need for deeper cross-sector collaboration were brought into sharp focus, the paper will combine expert perspectives, including a key contribution from Global Underwater Hub, developers, and offshore wind insurers, with a comprehensive assessment of risks both above and below the waterline. The paper will highlight where collaboration is already delivering impact, identify what more is needed to unlock progress, and demonstrate the Carbon Trust’s expertise in convening industry to de-risk innovation and accelerate deployment.
Due for publication later this year, the paper will be an essential read for anyone looking to understand and shape the future of offshore wind insurance.
