Climate Related Risk
Recent documentation of climate changes and adoption of alternate energy sources has introduced new areas of risk that Garland Actuarial LLC is uniquely capable of addressing. One of our principals holds a Ph.D. in atmospheric science and has over 10 years experience in atmospheric research at leading institutions including Caltech and the University of North Carolina.
Client Profile: SunPower CorporationSunPower Corporation designs, manufactures and delivers high-performance solar electric systems worldwide for residential, commercial and utility-scale power plant customers throughout the world. SunPower high-efficiency solar cells and solar panels generate up to 50 percent more power than conventional solar technologies and have a uniquely attractive, all-black appearance.
When SunPower introduced performance guarantee contracts for its customers, they called on Garland to help quantify the associated risk due to various factors, including the variability of incident sunlight.