4 FAQs about Wind Power Station Transfer Agreement

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.

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.

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.

What are the responsibilities of a wind energy project developer?

I. Construction-Related Agreements. Critical to the development of any wind energy project are the various agreements that a project developer must enter into for: operation and maintenance of the completed facility. Frequently, engineering, procurement, and construction tasks are combined in a single agreement (an “EPC agreement”).

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