The co-location of renewable energy assets is rapidly increasing in the US, emerging as the fastest-growing type of renewable energy project according to recent data. However, these projects face heightened financial risks from potential fire incidents compared to standalone installations. Despite a focus on mitigating battery storage fire risks, owners of co-located renewable assets may overlook fire risks associated with solar and wind farms. Moreover, built-in fire suppression systems might not meet varying state regulations. Therefore, it is recommended that owners conduct thorough cross-site fire risk analyses to understand and assess failure risks for each component. This approach ensures compliance with local regulations and enhances overall project safety and resilience.
