Ground-mounted solar panels in Colorado damaged by a tornado. (Photo: iStock)
Several solar farms in Taiwan suffered severe damage from typhoons in July and August, raising concerns over waste management and panel recycling. Earlier this year, Europe experienced a wind drought that cut wind power generation and dealt a blow to German energy giant RWE’s first-half earnings. Both cases underscore how renewable energy projects are increasingly exposed to the impacts of climate change, highlighting the need for companies to better diversify and manage climate-related risks.