Lender’s Insurance Advisor report for PV & BESS

A lender's insurance advisor report for a PV or BESS project assesses risks and insurance needs to ensure bankability from the construction phase. It typically includes a technical review of the design and site suitability, contract analysis (EPC, O&M, and supplier agreements), and recommendations for robust risk management strategies. The report aims to provide lenders with the confidence that the project is well-protected, leading to more favorable financing terms, with a key focus on mitigating the risk of thermal runaway and fire. 

Key components of the report

• Risk assessment: Detailed analysis of project risks, with a strong emphasis on fire and thermal runaway, and how the design and operational plan addresses them.

• Technical due diligence review: Evaluation of the project's design standards, contractor competence, and site suitability to ensure resilience and safety.

• Contract review: Analysis of EPC and supplier contracts to ensure appropriate risk allocation and strong warranties.

• Insurance coverage review: Assessment of current and proposed insurance policies, including capacity, terms, and how they align with the project's risk profile.

• Bankability support: Providing a report that builds lender and investor confidence by demonstrating a thorough and robust risk management framework.