Photovoltaic bracket EPC project bidding process

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.

How do I Choose an EPC contractor for my solar project?

Selecting a trustworthy and experienced EPC contractor is essential for solar project success. When evaluating potential EPC partners, consider factors such as: Industry Experience: Look for an EPC contractor with a proven track record in solar projects.

What is a bankable EPC contract?

A bankable EPC Contract is a contract with a risk allocation between the Contractor and the Project Company to the satisfaction of Lenders and their credit committees.

What if a party agrees to the EPC contract?

If a party clearly and unambiguously agrees that their only remedies are those within the EPC Contract, they will be bound by those terms. However, the courts have been reluctant to come to this conclusion without clear evidence of an intention of the parties to the EPC Contract to contract out of their legal rights.

Do EPC contracts impose PLDs?

Most, however, do not impose PLDs. EPC Contracts impose PLDs because the achievement of the performance guarantees has a significant impact on the ultimate success of a project. Similarly, it is important the solar facility commences operation on time given the liability the Project Company will have under other project agreements.

How to select EPC projects?

5.1. Selection of EPC projects To select EPC projects and assess their quality, investors and lenders scrutinise certain factors, which often condense into checklists and internal guidelines (also called “ex-ante KPIs”). The content of this support strongly depends on several stakeholder traits (strategy, experience, etc.).