Epc contractor solar power plant

Do solar projects need an EPC contract?

In our experience, most utility-scale solar projects use an EPC Contract. An operation and maintenance agreement: This is usually a medium- to long-term Operating and Maintenance Agreement (O&M Agreement) with an Operator. The term of the O&M Agreement will vary from project to project.

Who is the EPC contractor?

The EPC contractor is usually appointed by the project developer or the owner (though a company may fulfil more than one of these roles). The data used for the analysis and the table on the left is derived from operating projects of 4MWAC+ on the Wiki-Solar Database, according to these criteria.

What is an EPC contract?

However, EPC Contracts tend to deal with issues with greater sophistication than other types of construction contracts in order to satisfy Lenders’ requirements for bankability. A single point of responsibility: The Contractor is responsible for all design, engineering, procurement, construction, commissioning and testing activities.

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 are EPC services?

These companies chose their primary service as “EPC” when applying to the list, and they may also work as developers, installers, electrical subcontractors, installation subcontractors and sales partners. The listed kilowatts installed by each company could be performed within multiple services and not just EPC work.

Why should you hire an EPC contractor for a power project?

Engineering, procurement, and construction (EPC) contractors deliver many benefits to power projects. Besides the experience they bring that can help keep schedules on track, they often have longstanding relationships with suppliers that allow volume-based pricing discounts and priority sourcing of materials, among other things.