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.
Malaysia’s intent to progress its renewable energy sector was made clear in a number of announcements this week, including plans to install solar along a major highway, introducing both the first solar insurance scheme and monitoring system, as well as inking support agreements with powerful foreign organisations.
Despite no publicly declared major incidents of cyberattack in the renewable energy sector to date, successful attacks on the wider energy industry are expected to be replicated in the future, according to the chief of an insurer now offering cover for such threats to clean energy.
China-based integrated PV module manufacturer Wuxi Suntech Power Co has recently renewed its 25-year module performance warranty cover with Munich Re Group and Ping An Insurance, the fifth consecutive year, Suntech has cooperated with the both insurance companies, since 2014
A consortium of international chambers of commerce has advised the Vietnamese government that its draft solar PPA template is “non-bankable” and cannot attract financing for PV in Vietnam, particularly for medium and utility-scale projects, according to documents seen by PV Tech.
PEG Africa is a pioneering pay-as-you-go (PAYG) solar company focused on West Africa. Co-founder and CEO Hugh Whalan stopped by PV Tech to discuss why this business model is filling gaps in Africa's off-grid solar market, and how it has potential to evolve into meeting needs of consumers beyond electricity access.
India's prowling monkeys are infamous for thieving cameras off unsuspecting tourists at the Hanuman temples of Hampi and the mountain city of Shimla, but they’ve now found a new target – the rooftop solar sector. Tom Kenning looks at some key challenges unique to the Indian PV industry.
Chile is forecast to install half of all new solar capacity in Latin America this year. But logistical operations for remote solar projects and the threat of natural disasters are both major considerations for the region. Tom Kenning spoke to Jatin Sharma of GCube Underwriting about the risks associated with the Chilean market.