Should liquidated damages be included in an EPC contract?
A Contractor will also generally require the amount of liquidated damages to be subject to a cap and for the EPC Contract to include an overall cap on its liability. The preferred position for the Project Company is for it not to be subject to an exclusive remedies clause.
What should a properly drafted EPC contract include?
However, a properly drafted EPC Contract should include the guidelines for testing. Testing methodology: Reference is often made to standard methodologies, for example, the American Society of Mechanical Engineers methodology. References will need to identify if specific versions or editions are relevant.
What if the EPC contract excludes the parties' rights?
In addition, if the EPC Contract excludes the parties’ rights to claim their consequential or indirect losses, these clauses should be an exception to that exclusion. The rationale is that the rates of liquidated damages are likely to include an element of consequential or indirect losses.
ACCIONA to construct a 225MW photovoltaic plant in Peru
ACCIONA will execute the project under a turnkey or full engineering, procurement and construction (EPC) contract, showcasing its expertise in large-scale
ACCIONA will build a 225MW photovoltaic plant in Peru
In line with its aim to decarbonize the planet and promote employment linked to renewable energy, ACCIONA will execute this project under a turnkey or “full EPC”
Spain's Acciona wins EPC contract for 225-MWp solar project in
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Acciona to build 225MW solar PV plant in Peru for Kallpa
The PV solar plant will be connected to the Peruvian power grid through the 220kV San José substation. It will be delivered under a turnkey engineering, procurement, and
Acciona Secures EPC Contract for Peru Solar Project
Acciona SA lands a major EPC contract for a 225-MWp solar plant in Peru, set to energize 547,000 homes with sustainable power from 371,000 bifacial panels!
Empresas españolas en LatAm: Acciona, elegida EPC de una
Acciona Energía hará de EPC para el proyecto, de 225 MW de potencia pico. En , Acciona Energía abordó su primer proyecto en Perú con la construcción del parque
La planta solar más grande de Perú ya tiene contratista EPC
La planta solar más grande de Perú ya tiene contratista EPC mayo 2, pm Créditos de imagen: Inver Renewable Management
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EPC contracts in the solar industry 24Feb.docx
The Project Company needs only to turn a key to start operating the facility, hence EPC Contracts are sometimes called ‘turnkey’ construction contracts. The Contractor must deliver the
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