Climate insurance provider kWh Analytics has published a report detailing the three types of risk that solar developers could face, including extreme weather, financial modelling and operations.
Property insurance for a solar project, having been an easy “check the box” issue 10 years ago, is fast becoming a top credit item for securing financing from banks, according to the head of a data analytics and insurtech firm.
San Francisco-based data analytics and insurtech firm kWh Analytics has partnered with Aspen Insurance to launch property insurance for renewable energy assets.
Concerns have been raised that the US solar industry’s reputation could be impacted by underperforming assets if investors do not see their return profiles being realised several years down the line.
Last year analysis by renewables performance aggregator and insurance provider kWh Analytics highlighted the extent of solar asset underperformance against P50 estimates in the US. Here, the company’s Sarath Srinivasan details some of the reasons behind that underperformance.
Solar asset insurer kWh Analytics has raised US$20 million for business expansion and developing additional solutions to support solar and storage asset owners.
In a somewhat turbulent, but always interesting year for solar PV, we’ve seen supply chain volatility and subsequent pricing concerns, a burgeoning technology arms race and a new regime in the US shake off the shackles of the four years prior. But what were PV Tech’s top ten stories of 2021?
