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Many banks are wary to finance renewable energy projects, and that hesitation can stall or even stop new projects. Insurers have stepped in to help mitigate the risks and establish the appropriate underwriting processes.
Massachusetts based Energi Insurance Services has published a handbook to guide banks though the many risks involved with renewables (and naturally how insurance products can help). The findings outline potential risk exposures in an attempt to help banks identify conditions when loans may not be repaid.