Photovoltaic power generation risk control report sample

Are solar panels a risk factor for a solar power grid?

analysis indicated that the greatest risk for an electric power grid with solar PV systems was weather causing the solar panels to receive less sunlight than expected. This is a crucial factor for a self-sustaining PV system, but it is less important for a large-scale system comprised of both renewable (solar) and non-renewable resources.

What are the technical risks during the PV project development cycle?

The technical risks during the PV project development cycle (planning and construction) include various aspects of system design, resource estimation and validation, siting evaluations, and grid interconnection. Table 1 organizes major development risks by category and lists common techniques for mitigation.

Do PV systems need a risk management function?

The risk management function should be hierarchically independent and can be provided by qualified in-house or external third party experts. PV systems with a professional risk management will fall into the category of qualified infrastructure in-vestments. Their risk/return profile is favourable over other asset classes.

What are the non-insurance risk management strategies common in PV project development?

Section 4 surveys several non-insurance risk management strategies common in PV project development, including due diligence practices, contract safeguards, and cross- collateralization. Section 5 examines the current state of insurance in the PV industry and includes discussions on the available coverage types, costs, and market size.

Which crystalline silicon photovoltaic technology is recommended for a solar PV project?

Multi crystalline silicon photovoltaic technology is recommended for the project on the grounds of easy availability, cost effectiveness and technological stability. On an average, BoS constitutes 40-45 % of the total project cost of a solar PV Project.

How important is PV risk prevention and mitigation?

Anticipation and mitigation of PV risk is not only necessary from the standpoint of reliability and energy security; it could also play a significant role in reducing PV’s current high cost of capital. The PV market is still driven by temporary incentives that have expired or will expire at the end of 2016.