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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.

What is a turnkey solar system?

VeloSolar • Updated on March 13, 2023 • 8 minutes read In the solar world, Engineering Procurement and Construction (EPC) contractors typically provide a turnkey service. They deliver a ready-to-use solar system; when they’re done working, all you have to do is turn the proverbial key and you’re generating your own clean, renewable energy.

How does an EPC project work?

With an EPC project you don’t just get the contractor, you get an entire engineering procurement and construction methodology that uses production efficiencies to deliver a turnkey project. Here’s how it works: The scope of work for your solar project is laid out in the initial EPC contract, as is the lump sum cost of the 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.

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.

What is an EPC contract?

An EPC Contract delivers these requirements in a single integrated package, which is one of the major reasons why EPC Contracts are the most common form of construction contract used in project-financed utility-scale solar projects. The key clauses in any construction contract are those that impact on time, cost and quality.