We help you identify, manage, and mitigate risks associated with your renewable energy assets.
Asset risk engineering and protection services are designed to help individuals and organizations protect their assets from a wide range of risks, ensuring that they can continue to operate and thrive even in the face of adversity.
About us
No two energy assets are the same, each with its own unique characteristics and risk profiles.
Edge Creek Power offers strategic consulting, R&D, and risk engineering services for insurers, financiers and asset owners.
We have over 40 years of combined industry experience to provide cradle-to-grave solar asset risk engineering and protection services for the utility-scale solar industry.
We see a future where renewable energy is the most reliable power resource and risk free energy investment.
Services
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Our team is dedicated to delivering excellence and innovation, and we’re excited to help you take your energy initiatives to the next level.
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Why what we do matters.
Renewable Energy Risk Engineering is an important process that helps to ensure the success of renewable energy projects by addressing and mitigating potential risks.
By employing this approach, developers and investors are able to make informed decisions that help to protect their investments and support the growth of the renewable energy sector.
We are on a mission to transform renewable energy risk management.
Questions about Renewable Energy Risk Engineering?
Renewable Energy Risk Engineering refers to the process of identifying, evaluating, and managing risks associated with renewable energy projects, such as wind, solar, hydroelectric, geothermal, and other renewable energy sources.
Renewable energy projects are complex and involve a variety of risks that can impact project timelines, cost, and overall viability. These risks can be related to factors such as technology, weather, regulation, and financing, among others. Renewable Energy Risk Engineering is a systematic approach to understanding and addressing these risks in order to improve project outcomes.
Risk Identification: This involves identifying potential risks associated with the renewable energy project, including technological risks, operational risks, financial risks, regulatory risks, and others.
Risk Assessment: This step involves evaluating the likelihood and potential impact of identified risks on the project, using tools such as risk matrices and simulations.
Risk Mitigation: Based on the risk assessment, measures are taken to reduce the likelihood and/or impact of identified risks. This can include activities such as implementing mitigation measures, contingency planning, and risk transfer through insurance.
Risk Monitoring and Control: Once the project is underway, the identified risks must be monitored to ensure that the mitigation measures are effective, and that any new risks are identified and addressed promptly.
Mitigating Risks: Renewable energy projects are complex and involve a variety of risks that can impact project timelines, cost, and overall viability. A Renewable Energy Risk Engineer can help identify, evaluate, and manage these risks, ultimately leading to better project outcomes.
Improving Financial Performance: Renewable Energy Risk Engineers can help to identify potential risks and develop mitigation plans that can help to reduce the cost of a project. By reducing risks, investors can be more confident in the project’s financial performance, which can lead to increased financing opportunities.
Ensuring Compliance: Renewable Energy Risk Engineers can help ensure that renewable energy projects comply with local and national regulations, as well as industry standards. Compliance is important for ensuring the safety of the project and avoiding costly fines and penalties.
Supporting Sustainable Development: Renewable energy is a critical component of sustainable development. By hiring a Renewable Energy Risk Engineer, organizations can ensure that their projects are developed and operated in an environmentally responsible manner, supporting the long-term viability of the renewable energy sector.
Renewable Energy Risk Engineers can be hired at various points throughout the lifecycle of a renewable energy project, depending on the needs of the project and the goals of the organization. Here are a few scenarios where you might consider hiring a Renewable Energy Risk Engineer:
Project Planning Phase: Renewable Energy Risk Engineers can be valuable during the planning phase of a renewable energy project. They can help identify potential risks associated with the project and provide insights and recommendations to mitigate those risks.
Project Development Phase: During the development phase, Renewable Energy Risk Engineers can provide risk management support to ensure that the project is proceeding according to plan and that potential risks are being identified and addressed.
Financing Phase: When seeking financing for a renewable energy project, investors and lenders will want to understand the risks associated with the project. Renewable Energy Risk Engineers can provide risk assessments and mitigation plans to help secure financing.
Operational Phase: Once a renewable energy project is operational, it is important to monitor risks and ensure that the project is operating in a safe and sustainable manner. Renewable Energy Risk Engineers can provide ongoing risk management support to ensure that the project is successful over the long term.