25 Nov '13, 2pm

Mitigating Renewable Energy Risk

Mitigating Renewable Energy Risk

Q: What risk management tactics can solar and wind farm operators employ to mitigate risks? A: Some carriers provide proactive risk assessments to identify and suggest ways to mitigate risk. For example, one of the biggest risks operators face is theft, given the highly valuable equipment and materials that make up wind and solar farms. If a high risk of theft is identified as part of a proactive risk assessment, mitigation measures that can be taken to protect against theft may be recommended. Such preventive measures can include connecting panels to an alarm system, installing solar panel fasteners, or etching individual ID codes on panels so they are readily identifiable if stolen. Q: What should wind and solar operators keep in mind as they expand their operations? A: As solar and wind farm operators grow their businesses, it is important to consider often-overlooked p...

Full article: http://www.renewableenergyworld.com/rea/news/article/2013...

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