Decommissioning Guarantees
At the time of developing your energy asset, public authorities and private beneficiaries may request specific guarantees to provision for the costs related to the decommissioning of the asset. This decommissioning must be done according to the environmental regulations applicable in each geography. Furthermore, this liability has a long-term nature, as the decommissioning would only be required at the end of the life of the asset. This horizon could be over 25-30 years in the future. The uncertainty and long-term horizon complicate the possibility of using standard solutions. Nordic Guarantee has developed a unique approach to secure these long-term contractual obligations.
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Renewable Rental Guarantee
Solutions to secure lease obligations for the leasing of land for energy projects.
Advance Payment Guarantees
Guarantees required by project owners from an EPC contractor, sub-contractors, key component supplier if funds are disbursed in advance (typically a % of the contract amount) of the construction phase.
Grid Connection & Auction Guarantees
Grid Connection and Auction Guarantees are required by public authorities in certain countries to be able to develop Renewable Energy Projects.
Power Purchase Agreement Guarantees
Power Purchase Agreement (PPA) obligations often require 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.