Extreme weather, operational and battery risks — insuring the growing solar industry brings insurance companies, agents and brokers face-to-face with evolving challenges. “We’re seeing burgeoning growth in solar, wind, and battery storage,” said Jason Kaminsky, CEO at kWh Analytics in …
Walmart Inc. on Tuesday sued Tesla Inc., accusing it of “widespread negligence” that led to repeated fires of its solar systems and asking a court to force Tesla to remove solar panels from more than 240 of its U.S. stores. …
The Obama administration moved Tuesday to streamline the development of large-scale solar projects on public lands by approving 17 vast tracts across the West it says has the highest power-generating potential and the fewest environmental impacts. As developers scramble to …
GCube Insurance Services, Inc., the a provider of insurance for the renewable energy industry and Assurant, Inc., a provider of specialty insurance, have signed a distribution agreement to provide U.S. commercial solar project developers access to an insurance bundle and …
Munich Re has launched a new product to complement its performance guarantee cover for photovoltaic manufacturers. The product covers the risk born by operators that solar module output may fall below the level guaranteed by a manufacturer that can no …
Beecher Carlson, an insurance brokerage and risk management consulting firm, has brokered a customized product to mitigate warranty risk for the solar field components at the Ivanpah Solar Electric Generating System (ISEGS). Construction began in October 2010 on the Ivanpah …
PowerGuard Specialty Insurance Services—a managing general agent and Lloyds cover holder specializing in insurance and risk management products for the wind and solar energy industries—has launched the PowerWrap Solar Project Performance Guarantee Policy. PowerWrap has been designed to provide an …
London-based GCube Underwriting Limited, which specializes in insurance services for renewable energy technologies, announced that it has grown its solar property coverage from $300 Million to $500 Million USD for any single solar project or phase. “The news comes at …
