Risk management is the process of identifying, assessing, and controlling threats to an organization's capital and earnings. Within the solar industry, the areas of high risk are equipment purchases, construction processes and plans, project investing and developing. Risk management allows organizations to prepare for the unexpected by having an experienced employee, agent, or consultant go through the events that would upset a successful result. The objective is to minimize risks and extra costs before they happen.
In the solar scenario, purchasing modules have also become a factor of risk, as the criteria to buy has also changed over the years. EPC’s and installers are still purchasing their modules often from distributors and PV manufacturers, particularly when buying for utility-scale projects. So, do you consider your buyer fully qualified to make the final decision without expert advice?