PVEL and partners combine for technically-based solar plant insurance

PV Evolution Labs, Ariel Re, and Beecher Carlson Insurance Services, have created PV PlantProtect, an insurance program which uses technical due diligence to reduce financial risk.

Every day we see the march of solar adoption advance: a new project completed, announced or sold, with capacities expanding by the day. And, while it’s fun to talk about monster projects with hundreds of MWs in capacity or installations that allow cities, communities or companies to become 100% renewably powered, those all come under the assumption that the project will be completed as advertised and will generate to their full potential.

However, that is not always the case, which is why insurance exists to protect plant owners and developers from the slew of issues that can arise over a project’s lifetime.

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