Construction of solar container communication station wind power contract

What is a Typical EPC agreement structure for a wind project?

Typical EPC Agreement Structure for a Wind Project. In light of the multiple factors influencing the development of a wind energy project, no single contractual structure applies to all projects. However, the following example is typical of how many developers address certain common issues.

How does a wind energy project developer finance a project?

A. Financing Issues. A wind energy project developer often requires some form of substantial debt financing or joint venture financing to pay for the design, engineering, procurement, construction, and initial operation of the project.

Does a wind energy project have economic viability?

A wind energy project’s economic viability often depends on obtaining certain benefits provided under federal and state law for renewable-resources energy projects. Federal production tax credits (PTC) and investment tax credits are available to wind projects at certain rates and based upon the project’s construction and procurement schedule.

What are the responsibilities of a wind energy project developer?

I. Construction-Related Agreements. Critical to the development of any wind energy project are the various agreements that a project developer must enter into for: operation and maintenance of the completed facility. Frequently, engineering, procurement, and construction tasks are combined in a single agreement (an “EPC agreement”).