17 September 2025 | Insight
The promise of renewable energy, particularly across Africa’s dynamic landscape, is immense. As a developer or investor, your vision transforms communities and powers progress. You’re not just building a solar farm or a wind park; you’re building a future.
But between that groundbreaking ceremony and the moment your project connects to the grid, lies a landscape of considerable risk.
It’s a concern I hear constantly in my conversations across the sector. What happens if a key contractor defaults? How do you protect your significant upfront investment in equipment or services? How can you navigate complex local requirements and supply chain volatility without jeopardising your project’s timeline and budget?
These aren’t just hypotheticals; they are the realities that can stall momentum, drain capital, and erode investor confidence. Traditional instruments like bank guarantees or letters of credit often provide a solution, but they come at a cost, tying up valuable credit lines and limiting your financial agility. This is where a more strategic approach becomes essential.
At its core, a surety bond is a powerful three-party guarantee: a promise from a surety provider (like us) to you (the developer or investor) that your contractor will fulfil their obligations. If they fail, the surety steps in to protect you from financial loss. For renewable energy projects, this isn’t just a safety net; it’s a strategic enabler. Think of the key project milestones:
However, not all surety partners are created equal. The complexities of a renewable energy project – from the technical nuances of a wind turbine installation to the logistical hurdles of a remote solar project in Ghana or Kenya demand more than just a financial product. They demand a partner who understands your world.
Our dedicated Energy team is comprised of specialists who live and breathe this sector. We don’t just assess financial risk; we understand project risk. We have a deep appreciation for the on-the-ground challenges you face, whether in Africa, Europe, or beyond. This unique combination of robust financial security and deep industry expertise means we can structure solutions that are not just effective, but perfectly aligned with your project’s specific needs.
Your focus should be on harnessing the power of the sun and wind. Our focus is on ensuring you can do so with confidence and security.
If you’re planning, developing, or investing in a renewable energy project, let’s have a conversation. Let’s discuss how to replace uncertainty with assurance, so you can focus on what you do best: powering our world’s future.
Our insurance experts are always on hand to talk about ways we can join forces to take on the future.
