The Right Affiliations Can Make All the Difference
First Woodland has an affiliated and licensed insurance agency specializing in providing solar project surety bonds to solar developers and IPPs for renewable energy projects. Solar project surety bonds can protect investors such as IPPs from contractual default both in the construction phase and the operational and maintenance phase of the life of the project. Since surety bonds help mitigate risk for the investor, they can become a useful tool to facilitate and encourage greater investment participation, and therefore make more funding available to encourage a greater number of solar projects. Although not intended as a credit enhancement, in some cases First Woodland will utilize this risk mitigation tool when it can mean the difference between obtaining the approval to fund and develop a solar project or not.