The cost of insuring a solar plant has dropped by 50% since 2010because of cheaper photovoltaic panels that lead to lower projectcosts and reduced premiums, according to Bloomberg.
|Claims filed for projects reveal that few of the risks firstfeared such as module underperformance in hot climates, paneltheft, and defunct warranties from manufacturer bankruptcies havebeen reported. Data compiled by Bloomberg also shows that the costof crystalline silicon panels—the majority of a plant's costs—fell67% since 2010.
|The market for insuring renewable-energy projects is set totriple to $2.8 billion of premiums by 2020 as developers who seekmoney from new sources try to lure institutional investors such aspension funds, says a report by Bloomberg New Energy Finance fundedby Swiss Re.
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