Experts estimate Harvey's damage at USD 42 billion

Hurricane Harvey –  a tropical storm which has struck Texas – could prove one of the costliest storms in US history, and could break records for expenses depending on the damage to the energy sector.

Photo: /ritzau/David J. Phillip

When the damage bill from major storm Harvey is tallied up in the US state of Texas, it could be one of the biggest in US history.

The total figure is estimated to run up to USD 42 billion, significantly more than an earlier USD 30 billion estimate, according to US analyst firm Enki Research.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Siemens Gamesa's deep financial woes are halfway self-inflicted

Despite successfully forwarding the external costs to customers, onshore wind projects valued at EUR 2bn are being delivered at zero-profit margins in the years to come, according to the turbine maker’s CEO. Here and there, things might have moved a bit too fast.

Siemens Gamesa drags down majority shareholder

Despite better sales than expected in the gas business, Siemens Energy downgrades its full-year guidance in the wake of Siemens Gamesa’s announcement of potentially massive losses in 2022.

Further reading

Related articles

Latest News

See all jobs