Featured in Changing face of PV – 12-2014

Low margins and high risks

Solar EPCs in the US: North American engineering, procurement and construction companies are competing for fewer large projects. Increased specialization, efficiency improvements, and accelerating mergers and acquisitions are among the strategies used by companies to survive in the market.

By

Charles W. Thurston

03 Dec 2014

Consolidation among engineering, procurement, and construction (EPC) companies has challenged North American companies to drop their profit margins in order to compete at high risk for fewer very large projects.Larger EPCs have acquired smaller companies to gain national footprints and have forged alliances with financial partners to deliver viable quotes. Increased specialization, more subcontracting, and …

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