insurance

May 25, 2022
Supply chain woes, spiralling energy prices and the COVID-19 pandemic have reversed the downward trend in average business interruption (BI) claims for renewables developers, with sector-wide average business downtime days up by 38% on 2016.  
PV Tech Premium
March 3, 2022
Last year analysis by renewables performance aggregator and insurance provider kWh Analytics highlighted the extent of solar asset underperformance against P50 estimates in the US. Here, the company’s Sarath Srinivasan details some of the reasons behind that underperformance.
February 15, 2022
Solar asset insurer kWh Analytics has raised US$20 million for business expansion and developing additional solutions to support solar and storage asset owners.
PV Tech Premium
January 7, 2022
Prior to 2019, there was an ample number of insurers willing to provide renewable energy insurance, leading to plentiful, affordable cover being available for solar power project finance transactions. However, with increased claims and risks, price rises and lower availability of cover is impacting the sector. Duncan Gordon, head of Renewable Energy at specialist energy insurance brokerage and risk management firm Gallagher, provides an overview of how solar power project owners can navigate a challenging insurance market.
October 28, 2021
The performance of US solar assets against P50 estimates worsened over the last decade, new analysis has shown, prompting calls for the use of real-world data-driven benchmarks when financing new projects.
July 20, 2021
The US solar industry could face significant losses this summer unless steps are taken to mitigate wildfire risk over the coming months, renewables underwriter GCube has warned.
June 9, 2021
In the face of rising materials costs and natural disasters impacting output, solar manufacturers should heighten their focus on insurance placement to protect against large losses, a Chinese insurance broker has told PV Tech.
June 8, 2021
Solar asset underperformance continues to worsen, with projects “chronically underperforming” P99 estimates and modules degrading faster than previously anticipated, risk management firm kWh Analytics has found.
December 4, 2019
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.
April 26, 2019
Facility would offer insurance protection to small and mid-sized renewable energy projects in Madagascar's bid to double power by 2030 through clean energy.

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