Continuing Developments in PV Risk Management: Strategies, Solutions, and Implications

Lowder, T. ; Mendelsohn, M. ; Speer, B. ; Hill, R.

关键词: RISK;    RISK MANAGEMENT;    INSURANCE;    WARRANTY INSURANCE;    COST OF CAPITAL;    SUNSHOT;    Energy Analysis;    Solar Energy - Photovoltaics;   

DOI  :  10.2172/1064515
RP-ID  :  NREL/TP-6A20-57143
PID  :  OSTI ID: 1064515

学科分类：再生能源与代替技术

美国|英语

来源: SciTech Connect

【 摘 要 】

As the PV industry matures, successful risk management practices will become more imperative to ensure investor confidence, control costs, and facilitate further growth. This report discusses several key aspects of risk management during the commercial- and utility-scale project life cycle, from identification of risks, to the process of mitigating and allocating those risks among project parties, to transferring those risks through insurance. The report also explores novel techniques in PV risk management, options to offload risks onto the capital markets, and innovative insurance policies (namely warranty policies) that address risks unique to the PV sector. One of the major justifications for robust risk management in the PV industry is the cost-reduction opportunities it affords. If the PV industry can demonstrate the capability to successfully manage its risks, thereby inspiring confidence in financiers, it may be able to obtain a lower cost of capital in future transactions. A lower cost of capital translates to a lower cost of energy, which will in turn enhance PV?s competitiveness at a time when it will have to rely less on subsidies to support its market penetration.