The Risks of Renewable Energy Projects
Acknowledgement to Zurich
A successful renewable energy project starts with a thorough risk analysis, along with an enterprise risk management program for the long run.
Renewable energy developments on brownfield or other contaminated land is one of the fastest growing sectors of the U.S. economy.
The EPA estimates that there are up to 490,000 sites and 15 million acres of contaminated property in the U.S. that could be redeveloped for renewable energy projects such as wind, solar, biomass, geothermal and hydropower.
Renewable energy developments pose exciting possibilities, but it’s critical to be aware of the potential pitfalls. Whether you’re building wind turbines on a brownfield or installing solar panels on an abandoned landfill, you need to be sure these risks are addressed in your general liability and site liability pollution insurance. Read more about recent renewable energy projects on contaminated sites along with their emerging risks.