“Project stakeholders need a comprehensive approach to risk management that includes careful partner selection, investment in defensive equipment capabilities,” says Jason Kaminsky. Image: RES Solar.
The increase in frequency, severity and range of severe weather events is having a growing impact on renewable projects year-round, affecting solar asset owners’ ability to secure adequate insurance coverage, let alone favourable terms. The stakes are high—severe convective storms resulted in over US$40 billion in global insured losses in the first half of 2024 alone.
To mitigate the risks posed by extreme weather events, project stakeholders need a comprehensive approach to risk management that includes careful partner selection, investment in defensive equipment capabilities and the development and implementation of well-defined operational and maintenance (O&M) procedures that take seasonality into account.
(The above content is reproduced from pv-tech，By Jason Kaminsky, CEO, kWh Analytics）
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