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Insurance

Sunrise brief: With residential solar demand ‘through the roof’ can supply chains keep up?

Also on the rise: An insurer warns the solar industry about wildfire risks, Hawaiian Electric’s storage incentive program goes live, and solar energy jobs were lost in the pandemic year but are coming back, DOE says.

Insuring against hail is all about risk management for solar project developers

In the second installment of this series, pv magazine talks with Michael Kolodner of Marsh to learn about the evolution of hail risk management and how insuring a solar project is about more than just the policy.

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Cleantech Roundup: Tigo Energy, Blue Bird, Mitrex, and more

Check out this week’s list of some of the newest announcements related to clean energy products.

Storm season has the solar industry looking to protect assets from costly hail damage

The destructive potential of hail on solar arrays has only been fully realized in the last two years. In this series, pv magazine talks with experts in storm modeling, risk insurance, and damage mitigation to learn how solar arrays can survive nature’s wrath.

Insurance for renewable energy projects adapts to more frequent and destructive disasters

As much as 70% of losses linked to solar energy systems in the past decade have occurred since 2017. The insurance industry is no longer “naive” to the risk.

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SCE agrees to $2.2 billion payout to settle wildfire claims

The fire destroyed more than 1,600 structures, injured three firefighters and killed three people in November 2018 as it burned near Malibu.

Extreme weather is causing solar insurance premiums to explode

Catastrophic weather events in Texas and California have led to steep insurance premium cost increases, according to a new analysis by Norton Rose Fulbright.

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Morning Brief: Titan 1 breaks ground, Blackstone refinances Altus for $850 million

Welcome to another morning brief. Today we’ve got Goldman Sachs financing $200 million in Loanpal loans, Swiss RE and kWh analytics collaborating to accelerate solar adoption, Voltus’ 50 MW demand response award, SERES transitioning its battery division into a subsidiary and more!

How will the US-Iran crisis impact the solar industry?

Four days after the drone attack ordered by the U.S. which killed Iranian power broker Qassem Suleimani, energy forecasting service AleaSoft said the price of Brent was rising again today. The potential shake out of rising oil costs for the solar industry is difficult to predict.

PVEL and partners combine for technically-based solar plant insurance

PV Evolution Labs, Ariel Re, and Beecher Carlson Insurance Services, have created PV PlantProtect, an insurance program which uses technical due diligence to reduce financial risk.

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