Hail-prone Texas solar project cuts insurance costs 72%
A case study by kWh Analytics demonstrated the value of building a resilient, weather-hardened solar facility.
Sunrise brief: Hail risk may bring financial instability to solar projects
Also on the rise: The evolving art and science of agrivoltaics. Renewables “cheaper and faster” than methane, says nation’s largest utility. And more.
Hail risk may bring financial instability to solar projects
To ensure sustainability and financial viability, the solar industry needs a critical reevaluation and enhancement of both technical protective measures and financial risk management practices for solar installations in hail-prone regions.
Sunrise brief: New York policy authorizes $814.6 million to fund energy storage
Also on the rise: A look at the prevailing wage and apprenticeship final rule. Spontaneous glass breakage on solar panels on the rise. And more.
Weather-related damage to solar assets exceed modeling expectations by 300%
The report from kWh Analytics, with input from several industry leaders, identified 14 risks to be aware of in the solar industry, including risks related to extreme weather, such as hail, and operational risks.
Mitigate lithium-ion battery fire risk for manageable premiums
As debate continues to rage about the best ways to deal with battery fires, a risk management professional and an insurance underwriter discuss some golden rules for project developers.
Over half of solar facility loss claim costs are due to hail damage
GCube Insurance said despite representing less than 2% of total claims filed, hail damage represents over 50% of total costs incurred.
Insurer to cover up to $20 million in damage limits for solar projects
Retail clients can access quote and bind to insure U.S. C&I solar projects with limits on replacement cost of $2 million to $20 million per project site location, according to NARDAC Insurance Services.
Top risks for solar assets: Operational risk
From $2.5 billion in losses from equipment underperformance, to clipping losses, to inverter derating and more, this third installment based on kWh Analytics reporting focuses on asset operation.
Climate change and solar project flood risk
A well-balanced project design is one that maximizes use of the buildable space for a parcel of land while avoiding costly impacts from flood damage during the operational period.
