hail damage

Extreme weather events have increased in frequency and intensity, but renewable energy projects can maintain financial stability through sound technical and financial risk mitigation strategies. Extreme

Stowing capabilities, tougher modules, and real-time data are the new frontline in solar’s fight against extreme weather. Alex Roedel and Jyoti Jain, Nextracker The global climate crisis is reshaping the way we think about energy resilience. As extreme weather increases, utility-scale solar projects face a new era of challenges. Advanced solar tracker systems, control and […]

Mitigating against the risk of hail for solar projects is both extremely complicated and more straightforward than you may think. Natural catastrophes (NatCat), particularly hail, pose a significant risk for solar projects and can lead to severe damage with cost impacts for projects and insurers. In this article, we look at the risk that hail […]

News on extreme weather events in the U.S. report an increase in both frequency and size over the last couple of years, including thunderstorms, tornadoes, convective storms, flash floods, hurricanes, and winter storms. This has a massive impact on a renewable energy asset’s reliability and insurability; there have even been cases where lenders won’t approve […]

Unexpectedly steep financial losses suffered by the U.S. renewables market owing to a barrage of extreme weather events over the past summer suggest that project hardening strategies aren’t going far enough, a major renewables insurer is warning. GCube, an international insurer for wind, solar, wave, hydro, and tidal projects around the world in an update […]