Scope of Work
Categories:
Insurance
Contract Details
Award Date:27 Mar 2012
Description
Nippon Export and Investment Insurance (NEXI) decided to provide Overseas Untied Loan Insurance to support the non-recourse financing for the Gunfleet Sands offshore wind farm in the UK, in connection with Marubeni Corporation’s participation via its subsidiary MC GFS Investment Company Limited. The insurance was provided for lender risk associated with the project financing and was described as NEXI’s first provision of insurance to a wind power project, including cover for change in the UK Renewable Obligation regime and for a British pounds-denominated loan.