Renewable and clean energy

The world is set to add more than 5500 gigawatts of new renewable energy capacity by 2030^[1] – almost three times the increase seen between 2017 and 2023.

But the road ahead is steep. To fill the gap, the industry will have to double the current annual spending^[2] on clean energy generation, grids and storage by 2030.

This, by nature, brings risk. We see five key challenges that the renewable energy sector will need to navigate:

1. 01

   Access to capital and project financing

2. 02

   The growing demands of electrification

3. 03

   Supply chain volatility

4. 04

   Geopolitical headwinds

5. 05

   Competition from other low-cost fuels

A smarter approach to renewable energy risk management

From research, project design and financing, to construction, operation and optimization, renewable and clean energy companies are challenged by risks at all stages of the project lifecycle.

Insurance markets are evolving alongside the growing renewable and energy sector, with new and innovative solutions emerging across the world. Renewable energy sector-focused broking and risk management specialists have a core role to play in building collaboration and alignment toward a cleaner future.

Unlock clean energy opportunities through data-driven insights

Cut through the noise with proprietary data and analytics at your fingertips. Access to our risk and analytics specialists and sophisticated data modeling help you stress-test your strategy, identify vulnerabilities and mobilize an optimized risk management strategy.

Get ahead with our global team of renewable and clean energy specialists

Unlock the power of our truly global operating model. Renewable energy companies face a steep climb in claiming a bigger share of the global energy mix and interconnected risks are bringing new complexities.

Concentrate the scale of a truly global insurance broking footprint to respond to changing global and local demands with agility. With a balance of local knowledge, alongside international insurance broking scope, renewable and clean energy companies can deploy WTW resources and capabilities across over 140 countries.

Drive innovation beyond risk management

Outpace emerging challenges with innovative risk solutions. By harnessing proprietary research from our Global Clean Energy Survey 2025 ^[3] and analytical tools, renewable and clean energy leaders can access actionable insights to stay ahead of the curve. Our clean energy and risk management specialists can help you move with clarity through complex, interconnected and emerging risks.

Footnotes

1. Massive global growth of renewables to 2030 is set to match entire power capacity of major economies today, moving world closer to tripling goal. Return to article undo
2. World Energy Investment 2024. Return to article undo
3. Global Clean Energy Survey 2025. Return to article undo