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SURETY  INSURANCE

Renewable energies

Guarantee for connection points and decommissioning of renewable energy companies.
SAMMY FREE, SURETY INSURANCE

Connection points

In the field of renewable energies, companies need to face assembly and manufacturing costs that increase the total cost of connecting a plant to the grid. For this reason, the Administration requests financial guarantees to carry out the projects, as a way of guaranteeing that the company has sufficient economic resources to develop them.

We highlight two types of guarantees:

  • Connection Point Guarantees or Grid Connection Guarantees
  • Decommissioning Guarantees

The Administration allows these financial guarantees to be presented in the form of surety insurance.

Guarantees for Connection Points

In order to have access and connection to the electricity transmission and distribution networks, a connection point guarantee or grid connection guarantee must be submitted to the administration. This is a prerequisite for applying for authorisation to subsequently operate energy distribution.

Puntos de conexión

Once the grid connection point has been built and the final operating permit has been obtained, the guarantee may be requested to be returned.

The amount of the guarantee depends on the power to be installed. Surety insurance is one of the ways in which the company can provide point-of-connection guarantees.

Decommissioning Guarantees

These are guarantees required by the public sector from companies that install solar photovoltaic plants or wind farms in order to guarantee the restoration of the land on which they are located once their use has ended. These are guarantees to ensure the decommissioning of the renewable energy plant so that the land is returned to its original state.

SAMMY FREE, SURETY INSURANCE

Advantages of
Surety Insurance

Policies over
5 years

We study surety insurance policies with a duration of more than 5 years.

Increased ability to
participate in auctions

This allows you to increase your capacity to participate in more public tenders simultaneously.

No blocking/pledging
of bank balances

Avoid the blocking or pledging of balances in your bank accounts to improve your cash flow.

Does not consume CIRBE

Surety insurance does not consume bank credit limit, it is not a major bank risk which means higher eligibility for bank products (loans, credit accounts, etc.)

More efficient

Rapid evaluation of the application for the issuance of the surety insurance policy, faster in its study and issuance than the bank guarantee.

Plafond System

Pre-approved line of surety insurance that allows you to get your guarantee quickly when you need it.
SAMMY FREE, SURETY INSURANCE

Coverage:
Types of Surety Insurance

SURETY INSURANCE

Consult the different Surety Insurances that we have available