Construction subcontracting plan for wind and solar energy storage power station

4 FAQs about [Construction subcontracting plan for wind and solar energy storage power station]

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.

How does a turbine supply agreement work?

The developer and the turbine supplier enter into a turbine supply agreement whereby the project developer agrees to purchase a specific number of wind turbine generators from the turbine supplier, along with the turbine supplier’s services to deliver the turbine equipment to the project site and commission the same.

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