Climate insurance provider kWh Analytics has published a report detailing the three types of risk that solar developers could face, including extreme weather, financial modelling and operations.
Jason Kaminsky, CEO, kWh Analytics, on how renewable asset owners and their insurers are adapting the way they assess risk from natural catastrophes and extreme weather events.
Amid an increasingly unpredictable environment and a rise in extreme weather events, the solar industry must properly use its available data to protect assets and reduce risks, writes Gareth Brown, CEO of digital asset performance technology provider Clir Renewables.
Property insurance for a solar project, having been an easy “check the box” issue 10 years ago, is fast becoming a top credit item for securing financing from banks, according to the head of a data analytics and insurtech firm.
The US’s blocked solar supply chain combined with the threat of operational modules being damaged by extreme weather could leave project developers and asset owners at risk of revenue loss as replacement equipment becomes hard to source.
More than 315 clean energy companies in the US have called on the country’s International Code Council (ICC) to reject a FEMA proposal on PV project construction standards
Current testing for solar modules is inadequate to account for the rising severity of extreme weather events in North America, according to a report from renewable energy project underwriter GCube Insurance.
The board of directors of the US Midcontinent Independent System Operator (MISO) has approved a US$10.3 billion portfolio of 18 transmission projects as part of efforts to integrate new generation resources and increase resiliency in the face of severe weather events.
A steep decline in solar irradiance in Spain earlier this year highlights the need for an interconnected European grid and increased investments in forecasting, according to PV data firm Solargis.
