Photovoltaic bracket defect elimination contract

What happens if a solar EPC contractor fails to complete a project?

Solar EPC contracts generally provide fixed dates for project completion. If the contractor fails to complete on time, it will often be liable for liquidated damages (LDs), unless it is entitled to claim an extension of time to the completion date, thereby reducing or avoiding liability for LDs.

Do EPC contracts eliminate or mitigate risks?

EPC Contracts do not eliminate or mitigate against all risks; however, when drafted correctly they can ensure performance, timely delivery and rectification within agreed parameters or up to agreed caps. For this reason, we recommend advice on a project-by-project, contract-by-contract basis.

What is a solar EPC contract?

As such, the overall goal of a solar EPC contract is to minimize upfront risk while maximizing long-term plant profitability. Of course, this is never an easy task on complex projects such as these, especially in light of dependence on utility companies. Key Considerations for any Solar EPC Project Carefully Select Your Project Team.

How can we achieve low-possible costs for solar PV?

The objective is to achieve the lowest-possible costs for solar PV, not only by providing simplified processes (leading to lower transaction costs), but also by proposing new substantial approaches (for example, a split approach to the conventional engineering, procurement and construction (EPC) contract structure).

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.