theft

Developing, sourcing, building and maintaining solar PV projects routinely runs into the millions of dollars of long-term investment, and the impacts of serious theft on a solar asset owner can result in lost revenues, lost energy generation and sometimes lost insurance and ability to operate.

Solar modules and deep cycle batteries have been stolen from seven secondary public schools in two municipalities in southern Palawan, in the Philippines.

The average severity of insurance claims from the solar PV industry has increased by 87% over the past five years often as a result of extreme weather, according to new research from renewables insurance specialist GCube Underwriting.