Featured in Corona Chaos – 03-2020

How performance warranties protect revenues

Contracts to build solar PV plants usually contain a performance warranty to ensure that the owner receives an asset that delivers the agreed-upon minimum performance level. But can warranties and assessment methodologies guarantee that plant performance is being correctly assessed? The answer is not entirely straightforward, writes Felipe Canto Teixeira, a partner at Everoze.

By

pv magazine

09 Mar 2020

Image: Spectrafy

PV plant performance is typically assessed through the performance ratio (PR). The PR is calculated during plant operation and is compared with the target defined in the contract. There are usually two moments when power plant performance should be measured. The first is at takeover, which is known as the provisional acceptance certificate (PAC). The …

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