El Niño could have a significant impact on renewable energy production, says a new WTW natural disaster study

Natural disaster review (January – June 2023) initiated by WTW, provides in-depth analysis of disaster risk by enhancing collaboration with research institutions.

LONDON, July 25, 2023 (GLOBE NEWSWIRE) — An emerging El Niño could cause a wind drought in North America, which could have a significant impact on renewable energy production in the region, according to a new report released today by WTW (NASDAQ: WTW ).

The review also highlights how different 2023 has been to date, with five typhoons in the first five months. This year’s combination of El Niño and exceptional Atlantic warmth is expected to have a significant impact on weather patterns and temperatures around the world.

The review outlines the key risks that need to be monitored by examining the reasons why natural disasters become natural disasters and goes beyond the severity of the event to include insights into the exposure and vulnerability of affected areas. The report also examines the science behind those events and provides insights into what to watch for in the second half of the year.

Key findings include:

    Source: Willis Towers Watson Public Limited Company

    2023 GlobeNewswire, Inc., source press releases

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