Prior to 2019, there was an ample number of insurers willing to provide renewable energy insurance, leading to plentiful, affordable cover being available for solar power project finance transactions. However, with increased claims and risks, price rises and lower availability of cover is impacting the sector. Duncan Gordon, head of Renewable Energy at specialist energy insurance brokerage and risk management firm Gallagher, provides an overview of how solar power project owners can navigate a challenging insurance market.
A leading Australian barrister and former head of the Law Council of Australia has said the federal government’s plans to invest public money into fossil fuel production could be illegal, is open to serious legal challenge and is “at odds” with the purpose of the Australian Renewable Energy Agency (ARENA).
Meyer Burger is considering its legal options after long-time heterojunction tandem solar cell manufacturing partner Oxford PV ended its collaboration agreement unexpectedly.
Reforms in energy policy since the election of Andrés Manuel López Obrador have led to increased uncertainty for solar developers in Mexico, with renewables auctions cancelled and changes to power dispatch priorities proposed. Alice Grundy looks at how the market can move forward once again.
Elon Musk and Tesla’s court case regarding its acquisition of solar installer SolarCity has got underway in the US this week, with shareholders of the energy and automotive company alleging that fiduciary duties were breached when the deal was agreed.
Owners of PV firm could spend decades in prison after still-ongoing criminal case found investors including Warren Buffett’s Berkshire were ‘duped’ of US$1bn to fund ‘lavish’ lifestyle.
Over 700 units are set to go under the hammer this week as part of court-ordered liquidation of Californian solar firm, brought down by FBI probe over Ponzi-style fraud allegations.
Federal judge said to have paralysed move by AMLO government to extend clean energy certificates to existing hydro and nuclear plants, which critics said would ruin PV and wind project economics.
Country fails to dismiss case brought by bankrupt developer over losses from FiT changes, joins Spain among EU states risking multi-million payouts for policy u-turns.
Arbitration court finds NextEra Energy is entitled to compensation after having to shelve Spanish subsidiary when the country scrapped feed-in tariffs retroactively.
