What is an EPC contractor for a solar project?

EPC stands for Engineering, Procurement, and Construction. It’s a project delivery model that oversees the solar installation process from design through to completion. 2. What are the benefits of using an EPC contractor for a solar project?

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 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 is solar EPC & how does it work?

While it’s commonly used for commercial and industrial projects, residential projects can also benefit from the EPC approach, particularly for larger installations. Solar EPC, encompassing Engineering, Procurement, and Construction, plays a pivotal role in bringing solar energy projects from concept to reality.

Who is the appropriate party in an EPC contract?

At a fundamental level, it is imperative that the appropriate party corresponds with the relevant project stakeholders. The Project Company must ensure the EPC Contract states clearly that it is the appropriate party to correspond with any government agencies or authorities and the offtaker.

What is EPC & how does it work?

Under the EPC model, a single contractor handles every aspect of the project, from initial site assessment and system design to procurement of materials and equipment, as well as the final installation and commissioning of the solar power system.