Solar insurance maturing; setbacks protect against fire

One of the most cumbersome threats to renewable energy insurance is the uptick in extreme weather activity, especially as wind and solar energy farms must have direct access to natural resources to function

There is also the problem of wildfires, especially in Alberta, which is resulting in higher premiums for insureds due to catastrophic losses and 2,214,957 hectares being burned.

“For the most part, the actual facilities themselves have sufficient cutbacks and controls to withstand these fires, but there is still auxiliary equipment that’s on the ground, such as transmission and distribution lines that run through the forest that can be damaged by severe for forest fire activity,” Rubel said.

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