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.
Ten most common rooftop solar safety risks
Clean Energy Associates found a myriad of problems at solar installations around the world, noting that because most are caused by poor installation practices, many can be identified and resolved relatively easily before they lead to fires, safety risks and potentially costly liabilities.
Top risks for solar assets: Extreme weather
The first of a three-part series on solar asset risks. Next, we will review kWh Analytics risk evaluation for financial modeling and asset operations.
Software provider introduces hail detection solution for solar projects
Hail events have historically posed a considerable risk for utility solar projects, with weather instances creating up to $100 million in damages at large projects located in “Hail Alley” states such as Texas.
Five actions for effective renewables finance risk management
In some instances, the cost of insurance could exceed 25% of annual operating and maintenance expenses, said insurance broker Marsh. The firm offers five actions to properly evaluate risks and drive portfolio growth.
Expanding solar finance and leverage warrants increased solar revenue insurance
Once considered a low-cost investment, the price to build solar assets has increased considerably. To combat rising costs due to inflation, kWh Analytics partnered with project developer Pivot Energy to provide Solar Revenue Put production insurance across the developer’s multiple distributed solar projects totaling 70 MW in six U.S. states.
NABCEP recognition a catalyst for solar developer’s growth
Yes Solar Solutions sees NABCEP as the gold standard for electrical installers and the only accreditation for solar installation companies.
