Guaranteeing a Greener Future
Your Challenges Renewable energy projects are often very complex, due to sophisticated financial structures and the intricate local legislations. The challenge faced by companies active in the renewable energy sector is how to remove complexity from their operations and make sure that the guarantees required in the different phases of the projects are supplied according to the local requirements. This negates the need to tie up significant amount of cash for deposits or having to make use of credit facilities, either of which could negatively affect cash-flow and potentially, profitability.
The Nordic Guarantee Solution Nordic Guarantee recognises these challenges for the renewable energy industry and has created a range of guarantee solutions that improves the financial efficiency of our clients. Our renewable energy guarantees have been successfully developed over many years, and tested in many regions across the world, to overcome these challenges by providing the required guarantees to the relevant authorities and other stakeholders in the country where the project is located. Nordic Guarantee has a proven track record in renewable energy projects and our teams of highly experienced guarantee professionals can support you with seamless solutions for your challenges.
Our guarantees for a renewable future Development Phase Grid connection guarantees Required by Public Authorities in certain countries to initiate the development of Renewable Energy projects. Auction guarantees Ensure successful bidders of renewable energy projects fulfil their obligations in terms of payment and project development. Rental guarantees Provide solutions to secure lease obligations for the leasing of land for energy projects.
Construction Phase Advance payment guarantees Secure the repayment of advanced payments made by project owners to contractors during the construction of renewable energy projects. Performance guarantees Ensure that the party (EPC, sub-contractors, key component supplier) executing part/s of a renewable energy project fulfils its obligations towards the project owner. Retention guarantees Secure the portion of the contract value that is released to the contractor which otherwise would have been retained until successful completion of a renewable energy project.
Operational Phase Operation and Maintenance Guarantees Requested by an Independent Power Producer from the Operations and Maintenance contractor to ensure optimal performance of the energy asset after commissioning. Power Purchase Agreement Guarantees Often require financial guarantees from the power producer to secure the delivery on the amount of energy, at a particular price and from a renewable source of origin to the power purchaser. Decommissioning Guarantees Special long-term guarantees to secure compliance with environmental regulations when decommissioning renewable energy plants at the end-of-life.
Renewable Energy Guarantee Solutions Nordic Guarantee is an expert in the field of Contract Guarantees. Our headquarters are in Sweden and we have physical operations in five European countries. We can support guarantees in most countries in Europe. As a member of Insurety International Alliance we also have access to a network of guarantee experts servicing the African and Australian markets.We have a great track record of supporting projects from small-scale commercial to large-scale utility projects. We provide guarantees that cover the different phases of an energy project from inception through to commissioning and commercial operations and finally the decommissioning of the plant.
Contact an expert: Nordics
Spain
Tommy Högström
Manuel Gomez-Arrones
tommy.hogstrom@nordg.com
manuel.gomez-arrones@nordg.com
Africa
Australia & New Zealand
Oren Zukerman
Ian Lee
OrenZ@lombardins.com
Ian.Lee@assetinsure.com.au