Biomass is a vastly expanding renewable energy source, but it comes with a set of risks. Based on the latest analysis, biomass power plants account for a large portion of alternative energy in the United States. People are surprised by this fact because wind and solar energy get all the focus.
Older power plants, particularly coal-fired ones, have recently been converted partially or completely to burn biomass. Significant risk management and insurance concerns arise as a result of this.
Lately in North America and other countries, larger commercial-scale biomass facilities are being planned. Other difficulties arise as a result of these factors, such as project financing and fuel-source reliability.