The categories of risk related to solar energy were technological, financial, social and environmental, administrative, and severe weather events. The bankability, sustainability, and capacity for operations and maintenance were included in technological risk (Venrell et al., 2014). The devaluation of foreign currency loans that result in reduction of the ability to repay can cause financial instability. The environmental impacts during construction and public opposition were categorized as environmental and social risk (UNECE, n.d). Licensing and permitting procedures that have high costs and long-term duration were classified as administrative risk (Fajardo et al, 2014). Natural events such as lightning strike, extreme wind and temperature, flood, sand storm, dune movement and earthquake were risks caused by severe weather (UNECE, n.d).
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Exposure
Vulnerability
Risk
Risk to Facilities and Systems
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