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Utility Scale PV Plants: New Technologies & Claim Trends

For several years utility scale PV plants have been deployed across the Middle East and Asia, including some of the largest and most ambitious PV plants worldwide such as Yanchi Ningxia solar park in China and Al-Dhafra Solar PV IPP, which will be the largest single-site solar plant when completed. Many more projects have been announced in Jordan, Turkey, Egypt, Kuwait, and the UAE, which are among the many countries rushing to diversify their power generation away from fossil fuels in efforts to reduce our carbon footprint and reduce global climate change.

Utility scale PV projects pose serious challenges to insurers due to a number of factors, including the size of the parks as well as the remote places where the plants are deployed. Additionally, the complexity of contracts required to complete construction and the new technologies which are constantly advancing present further difficulties which have contributed to major and complex losses.

This webinar is designed to explore the insurance challenges presented by claims that arise from utility scale PV plants during construction and operation. The presenter will provide a technical background of the technology highlighting emerging risks and will then describe losses that are commonly experienced by contractors and operators. The webinar relies heavily on actual cases to illustrate techniques used to manage claims and overcome obstacles during the process.