Environmental Guarantees
At Nordic Guarantee we care about our planet. Our small contribution is to provide the market with the required guarantees to the relevant authorities, making sure that the environmental provisions agreed between the authorities and our client will be fulfilled as per the decision regarding financial guarantees from the authorities when a permit is granted. By using a guarantee from Nordic Guarantee this can be achieved without tying up a significant amount in cash for deposits or utilize credit facilities. Our environmental guarantees are issued based on the requirements from the relevant authorities and follow standards set out by them.
We have a highly skilled team of guarantee experts making sure that all aspects from environmental factors, technology to local market knowledge and legislation are covered. With our environmental guarantees we enable our clients to comply with local legislations, free up credit lines and improve their cashflow and working capital. We analyze every guarantee request based on the precise nature of the governmental decision and our client’s ability to perform. Our assessment allows us to take an informed view of the guarantee request when underwriting, translating into several benefits for our clients:
- Our guarantees cater for companies from all segments of the industry, from smaller, younger operations to established blue companies
- We follow a more commercial, business-friendly approach to setting up the guarantee facility
- We understand the changing needs of our clients and adapt our facilities accordingly
- We charge competitive rates
Nordic Guarantee is the obvious choice when you need an environmental bond.
We specialize in providing Bonds- full stop! As a result, we possess the skill-set and specialist expertise to deal with anything relating to Bonds. Our Bond-products are designed to meet the industry standards. However, should you have a unique requirement, we are willing and able to propose a customized solution to suit your business. Overall, our Bonds serves to improve your liquidity without compromising its existing bank credit facilities. Most importantly, we pride ourselves on a straightforward, fast and convenient application process.
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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.