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Extreme weather

Extreme weather causing US solar insurance premiums to explode

Catastrophic weather events in Texas and California have led to steep increases in insurance premium costs, according to a new analysis by Norton Rose Fulbright.

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pv magazine video: How quality can lower solar risk and insurance rates

This year’s pv magazine Quality Roundtable USA looked at extreme weather, and how resiliency can be built through modern O&M. Representatives from DuPont, Stäubli, Nextracker and RETC took to the virtual stage to discuss weather-related damages, and how to harness quality materials and workmanship to industry’s advantage, particularly when it comes to insurers. Ariel Re and NovaSource, meanwhile, looked at issues like risk management insurance solutions and asset stabilization. Case studies and presentations on the field performance of PV modules, and extreme hail and fire, were also included.

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Capturing the full value of energy storage

The International Renewable Energy Agency has devised a valuation framework to lay the foundations for successful storage deployment. As the technology matures and moves toward a projected fall in price, revenue stacking will be crucial to assess viability and properly value its benefits.

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