Who is eligible for a Project Financing Guarantee?
Danish exporters who make deliveries to a project abroad. EKF must rate the foreign project as creditworthy before issuing any guarantee.
What is the limit on a Project Financing Guarantee?
EKF applies no fixed limits to the scale of the project. However, the project must be sufficiently large scale to balance the project’s costs in relation to its value. As a rule of thumb, the amount is usually in the multimillions.
What is the term?
In principle, EKF offers risk coverage for up to 14 years. However, risk coverage can be extended for up to 18 years for projects involving renewable energy.
EKF requires that the project is based on a solid and well-conceived business plan. The parties to the project must undergo an impartial due diligence process covering the legal, financial and commercial issues before the project owner and the bank can conclude the final loan agreement.