Fitch Ratings recently released its “Construction and Operational Solar Project Issues” report, stating that construction delays, solar energy output, unpredictable technology and regulatory stability are all risk factors to solar projects. The report looked at over 25 public and private utility-scale PV, CPV and thermal concentrating solar power projects over the past two years in order to gather its data.
Fitch Ratings stated that the average land requirement for solar projects is around six to ten acres per MW. According to the report’s findings, this leads to vulnerability of unexpected environmental and archeological risks, which can cause construction delays of three months or longer. The report also found that there is a risk that solar production may stray from historical patterns over the next two decades because of the uncertain accuracy of solar production forecasts and potential impact of climate change.
via Fitch Ratings report says construction delays, unpredictable technology among risks to PV projects – PV-Tech.
Categories: Electricity, Energy, Finance