These include loan guarantees and insurance options. For example, some form of public / private partnership will be needed to mitigate regulatory risk.80 Specialist underwriter Parhelion (2012) has proposed the creation of a public / private funded Green Insurance Agency to make available to investors insurance policies to underwrite the specific risk of changes in policy and other insurance policies that the private sector are unable to do on a standalone basis. For example, Danish utility company DONG Energy took responsibility for the construction risk of an offshore wind farm which Danish and Dutch pension funds then invested in. The financial engineering relied on three pillars. First, DONG “de-risked” the investment by deploying PPAs, construction management and O&M agreements.