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Renewables market could triple insurance spend by 2020

Greater Gabbard wind farm (Photo - SSE)

The renewable energy industry could triple its annual insurance spend by 2020 to mitigate risks to projects, according to a new report sponsored by Swiss Re.

The report by Bloomberg New Energy Finance looked at six of the world's leading markets for solar and wind, including Australia, China, France, Germany, the United Kingdom and the United States.

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