Who approves a turnkey EPC contract?

In projects where a turnkey EPC contract is signed, the design is only approved by the Asset Owner or the developer, and the EPC service provider is responsible for providing all the contracts and suppliers.

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.).

What if a PV power plant project does not perform?

2.2. Financial risk factors and bankability It is usually the equity side that is significantly compromised if a PV power plant project does not perform. This is because, across a project’s lifetime, the development and the EPC phases have the highest risk.

What's new in EPC quality management?

This year’s edition has also seen the Definitions and Lifecycle of EPC Quality Management chapters move to the Lifecycle Quality Guidelines, reflecting the overall importance of assurance practices to all stakeholders, at all stages of an asset’s lifecycle.

What happens if an EPC system fails?

If a system failure or malfunction occurs, corrective action shall be taken by the EPC service provider and the Reliability Test is restarted the following day. Additionally, a Capacity Test may be required to prove that the installed capacity can reach the level promised to the off taker.

What KPIs should EPC service providers look for?

For EPC service providers these KPIs may also be helpful when presenting their references to potential new clients. The number of criteria to be looked at depends on the value of the project: big projects need to be examined in more detail. Detailed EPS specs (SOW, BL, requirements, specs,...)