Rating, risk mitigation, and yield improvements
There are various technical reasons why a PV power plant can underperform or completely fail. In such cases, the investors are first in line to suffer financially from underperforming assets. In some cases, writes Thomas Sauer, head of renewable energy consultancy Exxergy, technical performance deteriorations are so severe that even the debt funders are negatively affected, to the extent that significant parts of loan and interest payments can no longer be serviced.
When it comes to performance deterioration in operational PV plants, besides the sufficiency of quality assurance measures, the main question for all stakeholders is whether – and if so, how far – the gap between planned and current performance can be compensated for, either by making warranty claims or by seeking coverage from an insurance …
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