Photovoltaic support project contracting

Will EPC contracts provide for the handover of a solar facility?

EPC Contracts will not provide for the handover of the solar facility to the Project Company, and the PPA will not become effective until all commissioning and reliability trialling has been successfully completed.

What is a PV installation agreement?

The Installation Agreement is a lump-sum agreement between the project company, as owner of the project, and the installation contractor, the contractor that will be responsible for installing the PV system, providing the balance of plant and commissioning the plant.

What are the advantages of an EPC contract in a photovoltaic project?

Profitability, less worries, guarantee of excellent results. This could be the quick answer to the question posed in the title of this article, what are the advantages of an EPC contract in a photovoltaic project.

Will the US add 63 GW of photovoltaic power by 2024?

The U.S. Energy Information Administration (EIA) says the U.S. is set to add 63 GW of photovoltaic (PV) power by the end of 2024. This is a huge stride forward for renewable energy, as solar and wind generation is expected to reach 16% of the U.S. grid’s supply this year. That’s an increase of 84% in just two years for solar production alone.

Are open solar contracts a good investment?

The Open Solar Contracts provide for a standard insurance package, but national regulations can have a very significant impact on the scheme to be implemented, with high cost consequences. The standardisation of insurance schemes is a key factor of bankability and risk management cost mitigation.

What if a PV power plant project does not perform?

Financial risk factors and bankability It is usually the equity side that is significantly compromised if a PV power plant project does not perform. This is because, across a project’s lifetime, the development and the EPC phases have the highest risk.