What is a turnkey EPC contract?
The key thing to note is that with a turnkey EPC contract, you can’t get just a piece of the package. For example, if you just want to dip your toe into solar to see if it would be a good fit for your business, an EPC contract won’t allow you to just purchase an energy assessment or a site survey – you have to buy the entire solar package.
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.
Should you choose an EPC contract for a solar project?
Given the significant monetary value of EPC Contracts, and the potential adverse consequences if problems occur during construction, the lowest price should not be the only factor used when selecting a Contractor. As noted earlier, an EPC Contract is one of a suite of agreements necessary to develop a solar project.
How does solar EPC conduct business?
From employees to vendors to business partners, Solar EPC conducts business fairly, impartially and ethically. Our goal is to be our customers’ preferred supplier into each successive project. To reach our goal we must deliver an excellent quality product, on time, every time.
What does a solar EPC contractor do?
To aid in their ability to deliver turnkey projects, solar EPC contractors usually offer every customer a very similar set of services. Most contracts include a simple solar system design and basic engineering services, as well as the materials and labor required to install and commission that system.
Why should a project company invest in a solar facility?
• Performance guarantees: The Project Company’s revenue will be earned through the operation of the solar facility. Therefore, it is vital that the solar facility performs as required in terms of output, efficiency and reliability.
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