Energy Solutions

African Energy Guarantee Facility (AEGF)

AEGF is a reinsurance platform that allows ATIDI to have access to up to US$1 billion of additional underwriting capacity for energy access, energy efficiency and renewable energy projects that are in line with SDG7 objectives. The facility was initiated by the European Investment Bank (EIB), Munich RE and ATI; more recently, additional support and underwriting capacity has been provided by KfW Development Bank.

The political risk perils that can be covered under AEGF include Confiscation, Expropriation, Nationalization and Deprivation (CEND); Transfer Restrictions and Currency Inconvertibility; War, Civil Disturbance or Civil Commotion; and Arbitral Award Default. Eligible projects across any of ATIDI’s member countries can benefit from cover.

Eligibility

Projects that are eligible to benefit from this capacity must meet specific requirements:

  • SE4All eligibility: The project must fall within the criteria set by the EU. In case of doubt, ATIDI must request approval from EIB or its agents
  • Environmental & social impact assessment: ATIDI will follow the guidelines of EIB, which may differ slightly from our standard assessment format. The assessment must be approved by EIB or its agents before we can bind
  • Procurement validation: The project, or the part that is considered for insurance, must meet the procurement standards of the European Union. The prospective insured may be requested to submit documents that are not a requirement under a standard ATIDI insurance policy

Project Samples

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