EPC costs, along with related challenges, have emerged as obstacles to development, particularly exacerbated by pandemic-induced labor shortages. The continued volatile environment for EPC costs is driven by a confluence of factors, including inflationary pressures, increased demand for renewable energy projects and rising wage requirements.
The solar market was further constrained by an ongoing petition before the US Department of Commerce alleging that certain solar manufacturers in Southeast Asia were circumventing antidumping and countervailing duty (AD/CVD) orders on solar cells and modules from China.
Augmentation: In the context of energy storage, “augmentation” refers to the process of adding storage capacity to a project over time and is typically seen in the context of battery energy storage projects.
When developing an energy storage project, a project owner can either engage an EPC contractor to provide a fully-wrapped EPC agreement that will encompass the procurement, installation, and commissioning of batteries. In many cases, however, owners will contract directly with battery suppliers for battery supply and commissioning.
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