In our experience, most utility-scale solar projects use an EPC Contract. An operation and maintenance agreement: This is usually a medium- to long-term Operating and Maintenance Agreement (O&M Agreement) with an Operator. The term of the O&M Agreement will vary from project to project.
Price is also a consideration but is usually considered separately from the bankability of the contract because the contract price (or more accurately the capital cost of the solar facility) relates to the bankability of the project as a whole.
Failure to comply with any requirements will usually result in the Contractor incurring monetary liabilities. EPC Contracts and their use on solar projects has recently attracted negative publicity, particularly in contracting circles.
The EPC should include Technical Specifications consisting of 10. Who is responsible for grid connection and the infrastructure to connect the PV plant to the grid 11. Site suitability (ground installation) 12. If the site study has been done and the results have been shared with the owner and the EPC, the 13.
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