The land of rising risk?

By Fred Martin; Nick Morley

A significant part of the risk management process associated with large-scale solar PV installations is ‘technical due diligence’, which seeks to define and minimise all technical risks associated with the project. Fred Martin and Nick Morley of TÜV Rheinland explore due diligence challenges for PV power plants in Japan.

All about PV power plants: Challenges for technical bankability

By Boris Farnung; Björn Müller; Klaus Kiefer; Peter Bostock; John Sedgwick

More than ever, the global PV market provides attractive new investment opportunities, but the elements driving such rapid expansion also increase the risk of solar financial assets failing to meet long-term fiscal and performance goals. Boris Farnung, Björn Müller and Klaus Kiefer of Fraunhofer ISE, and Peter Bostock and John Sedgwick of VDE Americas explore major quality-assurance measures and the challenges today for achieving bankability of utility-scale PV plants.

The stamp of quality

By Ben Willis

Last year First Solar revealed that its 50MW Macho Springs project in New Mexico had become the first to receive a ‘Quality Tested’ certification from VDE and Fraunhofer ISE, as described on the previous pages. Ben Willis asks Azmat Siddiqi, First Solar’s senior vice president of quality and reliability, and John Sedgwick, president of VDE Americas Quality, what the accolade means.

Reliable models for PV power plant performance testing

By Evan Riley

PV power plants require proportionally more up-front capital investment to develop and build than their fossil fuel counterparts. Modelling the lifetime performance of a PV power plant is therefore a critical exercise in proving a project’s bankability and securing finance to cover that cost. However, inaccuracies and uncertainties in modelling techniques create risk in the structuring of project finance. Evan Riley of Black & Veatch explores methods for improving the reliability of performance models and how then can be used to demonstrate that a PV facility will meet expectations.

The legal maze of solar globalisation

By Monica L. Wilson

Solar companies are always looking for new markets in an effort to remain competitive. Monica Wilson offers some advice on how developers and contractors should navigate the legal labyrinth that will face them as they go global.

Solar’s coming of age

By John Parnell

Investors are popularly characterised as risk averse and fickle when it comes to new technologies. David Giordano, of the world’s largest asset management firm, BlackRock, tells John Parnell what has persuaded the investment community that solar is a safe bet.