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.
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.
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.
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.
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.
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.
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.
Yes Solar Solutions sees NABCEP as the gold standard for electrical installers and the only accreditation for solar installation companies.
The company offers protection against physical damage for solar and other renewable products in partnership with Aspen Insurance.
Without the SEIA proposals, solar-plus-storage projects would have needed to meet FEMA code S76-22 approval for Risk Category 4 , a risk category reserved for hospitals, fire, police and emergency services.
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