In this article, featured in the North American Clean Energy (NACE) Magazine’s Nov/Dec 2023 Issue, Isaac Stern and Gage Kellogg explore the complexities of solar construction projects. The authors discuss the rising interest in renewable energy projects and the challenges faced in the current economic climate. They emphasize the role of Project Completion Insurance (PCI) as a powerful tool, providing financial protection for lenders and borrowers. PCI, underwritten by Lloyd’s of London, covers cost overruns in case of borrower default, streamlining processes for lenders and enhancing credit for borrowers. The article highlights PCI’s advantages over traditional surety bonds and other credit enhancement options, making it a game-changer in the renewable energy and storage construction sector.
To read the full article, click to download a [PDF Article] or view the [ Digital NACE Magazine ]
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