The global PV market is set to increase its installed capacity from around 225 GW in 2015 to 294.69 GW in 2016, and will see China remain the world’s largest market for annual PV installations, according to British research and consulting firm Globaldata. The company’s latest report »Solar Power Market Update« states that China installed 15.13 GW of new installed PV capacity in 2015, with cumulative capacity reaching 43.48 GW by the end of 2015. The country’s PV installed capacity has increased around 13-fold since 2011.
»In the first quarter of 2016, China added a total of 7.14 GW of PV capacity, of which 6.17 GW accounted for solar PV power plants, and 970 MW for distributed PV,« said Ankit Mathur, Globaldata’s Practice Head covering power. »In the first half of 2016, a rush of solar PV installations was witnessed, as PV power projects which were connected to the electricity grid prior to June 30, 2016 will be entitled to reap benefits from higher 2015 solar feed-in tariffs.«
China’s 13th Five Year Plan sets the 2020 solar PV target at 150 to 200 GW. The country intends to attain a non-fossil fuel renewable energy consumption of around 15 percent by 2020 and 20 percent by 2030.

Renewable Energy Insurance Broker will attend on Sower Power International (SPI) trade show 2016 in Las Vegas 12-15 September. SPI is North America's premier business-to-business event for more than 15,000 professionals in solar energy. That's the place for unique networking opportunities to expand our business in USA. So if you are planning to visit the event feel free to contact us and arrange a meeting to discuss our special solar insurance package.



Renewable Energy Insurance Broker is proud to announce a new PV package for investors, banks, O&M contractors for PV installations in Bulgaria. Our complex product include better prices for insurance and security. If you are interested in saving money and get high quality service, please contact us for more details.

Mr. Iliev we first got in touch with you to tell us about the new insurance product for photovoltaic installations? 
I am pleased to present the long-awaited specialized insurance product for PV plants which we have developed with colleagues from a local insurer in Bulgaria. Loss of income for solar parks is already on the insurance market.

What exactly do you mean?
To explain you better I will give you next example: We have a PV plant and claim caused by overvoltage/short circuit, leading to a partial failure for 23 days.

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