Co-located renewables projects have ‘higher financial risk’ from fire incidents

Renewables project may need to shut down for a long period of time after a fire incident. Co-located renewables projects could have a higher financial risk associated with fire incidents compared to a standalone asset. A recent report by Firetrace International highlighted the challenges faced by asset owners in case of fire incidents. It emphasized the potential costs and risks involved, particularly focusing on Battery Energy Storage Systems (BESS) and the need for thorough fire risk assessments in solar and wind projects.

Source:

https://www.pv-tech.org/co-located-renewables-projects-have-higher-financial-risk-from-fire-incidents/

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