PVEL, Ariel Re and Beecher Carlson providing comprehensive PV Plant insurance program

December 4, 2019
Facebook
Twitter
LinkedIn
Reddit
Email
Offered for the duration of the revenue contract, PV PlantProtect is available for utility-scale solar power plants in any region, including systems with bifacial modules. Image: Wuxi Suntech

PV Evolution Labs (PVEL), Lloyd's of London syndicate Ariel Re (a member of Argo Group), and Beecher Carlson Insurance Services, LLC have launched 'PV PlantProtect'. This is the first-of-its-kind risk mitigation and insurance program using technical due diligence best practices to improve solar project economics for developers.

Problem

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Gaps in traditional insurance and manufacturer warranties have previously left developers and investors exposed to revenue risk. There has not been a comprehensive insurance solution on the market. 

Solution

PV PlantProtect enhances solar power plant reliability while providing developers with revenue certainty as they build financial models. It helps developers improve debt terms and project economics by guaranteeing revenue. Once developers sign on for PV PlantProtect, they gain insurance pricing visibility in the early stages of development. It adds value to the project as they are building their financial models, allowing them to take on more debt. The Ariel Re team not only underwrites tailored risk solutions that deliver commercial value but also turns around reliable pricing and terms quickly so that developers can readily integrate insurance into their strategies.

PVEL coordinates, oversees and executes the technical and diligence items such as resource measurement and site characterization, Product Qualification Program (PQP) testing for modules and string inverters as well as equipment pre-production factory audit and production oversight. Also included is batch testing and factory acceptance test witness for key equipment and testing at commissioning stage, which also includes cell microcrack baseline analysis. Ongoing resource and performance monitoring of the operating PV power plant is also undertaken.

Applications

Offered for the duration of the revenue contract, PV PlantProtect is available for utility-scale solar power plants in any region, including systems with bifacial modules.

Platform

The insurance policy covers revenue losses due to weather, component performance and availability, system design, soiling and operations and maintenance (O&M), and other insured causes of loss.

Availability

December 2019, onwards. 

Read Next

October 22, 2025
The Queensland government has launched the Social Licence in Renewable Energy Toolkit, providing local councils in Australia with resources to navigate renewable energy project engagement and community consultation processes.
October 21, 2025
Australia's solar-plus-storage sector gained momentum with 725MW of solar PV approvals advancing across New South Wales and Queensland.
October 21, 2025
Luminous Robotics has successfully completed its first international deployment of AI-powered solar installation robots at Engie’s 250MW Goorambat East Solar Farm in Victoria, Australia.
October 21, 2025
An independent panel has granted resource consents for the 179MW Glorit Solar Farm in Auckland, New Zealand.
Premium
October 17, 2025
According to Ronak Maheshwari of CRC-IB, there has been a struggle for US renewable power projects to secure necessary equity .
October 17, 2025
Norwegian renewable energy firm Scatec has signed lease agreements for 64MW of solar PV and 10MWh of energy storage capacity in Liberia and Sierra Leone.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK
Solar Media Events
March 10, 2026
Frankfurt, Germany