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HSBC Insurance Brokers have launched GREEN (Green Renewable Environmental Energy). This new insurance facility has been introduced to address the expanding insurance needs of the emerging renewables market.
With a capacity of US$276 million, the product covers construction and operational risks facing the green energy sector, including offshore and onshore wind farms, wave or tidal installations, solar, biofuel, biomass, hydrogen, geothermal, waste-to-energy and hydro-electric power facilities.