Safely stowed
Hail damage has become a real headache for project developers in the United States, where growing deployment has increased exposure to weather-related risk. As project owners seek to limit the impact of hail on their bottom line, innovations in tracking systems and insurance can help.
A December 2023 study by underwriter GCube Insurance found that while hail damage accounted for just 1.4% of insurance claims filed for US solar projects in the five years preceding the study, those claims made up 54% of total solar losses.Data from insurer Axis shows that throughout the world, its open and closed claims for …
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