SolarTech launches industry’s first EPC contract template

Facebook
Twitter
LinkedIn
Reddit
Email

In SolarTech’s continued effort to hasten the implementation of renewable solar energy projects on state and local levels, the company has made the industry’s first engineering procurement and construction (EPC) contract template for solar financing, which is anticipated to go hand in hand with the power purchase agreement (PPA) that was released in 2009.

The template was developed by solar finance, project development and legal experts on SolarTech’s finance committee and in addition to lowering project costs, also provides solar developers and contractors a starting point in discussing terms and conditions that are fair and equally balanced between all parties.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

“Our guiding principles in developing this form were, first, to achieve sufficient balance in the allocation of risks that both contractor and owner would feel comfortable with the terms, and second, to include provisions typically acceptable to the financial community, without whose acceptance, there would be no projects at all,” said Howard Susman, partner at Stoel Rives. “We will endorse the use of this template with our clients and look forward to working more with SolarTech to make balanced and standardized legal instruments an industry norm.”

Since most EPC contracts have the reputation for being rather convoluted and lead to legal review and extensive negotiations, which tend to slow down a solar projects process and increase its cost, the new template aims to diminish the negative side effects. With the new template, SolarTech projects that contract negotiations should be reduced by 50% to 75%, therefore cutting the overall cost of legal fees while expediting the development of a solar project.

In addition to the team at SolarTech, Dustin Keele, executive vice president and co-founder of Photon Energy Services used his background in project finance and development to make sure that the template could be used in various solar finance agreements, including PPA’s, tax lease back programs and bond financing.

“SolarTech is actively pursuing a balance of system project cost reduction of 2 cents/kWh. Standardized contract templates help us achieve this goal by eliminating hidden expenses and risks,” said Doug Payne, executive director of SolarTech. “We are pleased to introduce the EPC template, which we believe will become an invaluable tool that further enables the industry to execute faster at lowest possible cost to accelerate the growth of solar as an affordable clean energy alternative.”

SolarTech members are able to complimentary download the EPC contract template here

Read Next

September 12, 2025
Colombian energy supplier Celsia is seeking more than US$1.2 billion in investment to build wind and solar generation projects in Peru. 
September 12, 2025
German trade association BSW-Solar has called the German government for a simplified, standardised and more digitalised grid access for solar PV and energy storage operators.
September 12, 2025
ACME Venus Urja has secured INR3.8 billion (US$43 million) to develop and construct a solar-plus-storage project in Barmer, Rajasthan.
Premium
September 12, 2025
Vote Solar's Sean Garren tells PV Tech Premium that Georgia Power's latest IRP is 'skewed so heavily towards fossil fuels'.
September 11, 2025
Founder Group has won a RM10 million (US$2.3 million) engineering, procurement, construction and commissioning contract for a 30MW solar plant in Malaysia.
September 11, 2025
German renewable energy developer ib vogt has signed a 70MW solar PV virtual power purchase agreement (vPPA) in Romania.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines