Leveraging market intelligence drawn from over 250 GW of wind and solar data, Clir Risk and Clir Risk Survey provide a comprehensive assessment and mitigation strategy for project- and portfolio-specific risks. Industry risk data — coupled with operational SCADA, client survey information and public meteorological sources — enables a comprehensive, data-backed approach to project optimization.
The initial Risk Survey report uses industry and claims data to take a view on project risk, including a detailed view of site-specific risks in an industry context. Coupled with Clir Risk, clients gain insight into health, production and technical assumptions to improve project performance and leverage tangible strategies for risk management.
Benefits of Clir Risk and Clir Risk Survey
Clear, quantifiable approach to assessing risk enables more effective communication around policy decisions.
Actionable recommendations to mitigate site-specific risks and a standardized framework to evidence implemented actions.
Unparalleled insight into project risk through data, software and expertise.
A consistent method for communicating risk mitigations to support improved policy terms.
Timeline
What the reports cover
Historical risk assessment
A historical risk assessment looks at the drivers of insurance claims at comparable wind farms and applies them to the farm.
Top five risks at the farm.
Comparison of insurance claim history against a peer group.
Probabilistic production based on historical meteorological patterns.
Industry adjusted risk assessment
A future looking, industry adjusted assessment, looks at likely drivers of claims in the upcoming year of operation using insights drawn from industry insurance claims and operational data for comparable technology and site characteristics.
Technology related risk factors outlined include: catastrophic, site, individual component, age and wind loading.
Natural catastrophe-related risk factors analyzed, including lightning, storm and hail.
Risk mitigation recommendations
Leveraging data on the impact of mitigation practices elsewhere, internal technical expertise and industry data, Clir Risk provides site-specific recommendations for mitigating identified risks. With your data onboarded onto the Clir app, owners can monitor implemented risk mitigations through the Actions page to understand where resource is needed.
A customer success manager will guide you through the risk mitigation process and track actions through the Clir app.
Comparison of initial Risk Survey, final Risk Survey report and Clir Risk
| Initial Risk Survey | Final Risk Survey | Clir Risk |
Top five risks at farm | ✓ | Adjusted | Adjusted |
Comparison of insurance claim history against a peer group | ✓ | ✓ | ✓ |
Profile of historical risk | ✓ | ✓ | ✓ |
Business interruption loss | - | ✓* | ✓ |
Benchmarked major component repair time | - | ✓ | ✓ |
Claim cost risk versus farms with similar risk indicators | ✓ | ✓ | ✓ |
Individual component risk factors | ✓ | ✓ | ✓ |
OEM age risk versus all OEMs | ✓ | ✓ | ✓ |
Availability over time by farm age | - | ✓ | ✓ |
OEM major repair times comparison | ✓ | ✓ | ✓ |
OEM claim risk versus industry | - | ✓ | ✓ |
Attritional wind loading risk | ✓ | ✓ | ✓ |
Lightning strike risk | ✓ | ✓ | ✓ |
Cyclone/Hurricane risk | ✓ | ✓ | ✓ |
Projected farm risks | - | ✓ | ✓ |
Onboarding of site data (i.e. SCADA) | - | - | ✓ |
Clir’s software including Actions | - | - | ✓ |
Ongoing support from customer success team | - | - | ✓ |
Risk mitigation best practices based on site location, technology, RFI responses and SCADA | - | ✓ | ✓ |
Risk mitigation actions based on site data | - | - | ✓ |
*Requires operational production data