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.

Issue 03-2020

A pyranometer measuring solar irradiance at a meteorological station in Ottawa, Canada. Meteorological data, both in the form of reference sets and from onsite measurements, plays a key role in determining contractual conditions for PV plant performance, and must be handled properly to ensure accurate performance calculations.

Image: Spectrafy

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