An "enabling change" for the wind industry

WindRisk is a risk management and services company providing a unique integrated suite of risk management, condition monitoring, enterprise management, insurance and financial services to wind park owners, lenders, equity investors and carbon credit buyers.

WindRisk was established to specifically address the growing realization in the wind industry of the increasing importance of risk management, insurance loss ratios, operations and maintenance, equipment performance and life cycle management for the current generation of multi-MW wind turbine projects.

These issues have arisen because of the dramatic growth in the size and capital cost of individual wind turbines and wind park installations – indeed, they have become so pertinent that even the industry's leading insurers have noted that the fast pace of growth of the wind industry has been accompanied by the realization that major components fail long before reaching their design lives and that maintenance and repair costs are significantly higher than planned.

WindRisk can reduce the risk and optimize the availability and performance of wind park assets, thereby maximizing returns and minimizing losses, downtime and insurance claims. As a result, WindRisk aligns the economic interests of wind farm owners, financiers, operators, insurers and carbon credit purchasers, and enables a proactive, rather than reactive, approach to be taken to the risk profile and operational performance of wind park assets.

WindRisk’s approach is based on:

1. the Company's proprietary wind industry risk management and assessment algorithms (the "WindRisk Assessment Tool", after which the Company has been named); and
2. the Company's sophisticated and proactive, technically-driven and risk management-centred approach to wind park enterprise management, which goes far beyond traditional facilities management and operations and maintenance by combining state-of-the-art, military-derived, intelligent condition monitoring systems with the proprietary WindRisk Assessment Tool.

WindRisk's geographical focus for the provision of its services is Western Europe, North America, Australia, New Zealand and Asia.