Home / Insight / The Shifting Role of the Solar EPC

The Shifting Role of the Solar EPC

Solar EPC

Learn more about the shifting role of the Solar EPC and How the Solar Trade Case Could Change Everything.

As we gear up for Solar Power International, one solar EPC provider reflects on how the industry has changed. There have been many advances over the past few years and providers worry about what’s next.

Just five years ago, solar engineering, procurement, and construction companies (EPCs) were willing to be a lot more flexible when signing contracts to build solar projects than they are today. According to Robert Lydan, CEO and Managing Director at Phoventus, it’s about who takes on the majority of project risk. In fact, it used to fall on the shoulders of the EPCs but today they are increasingly risk-averse.

“The EPC business has grown from a market where clients were able to acquire EPC service with really extensive wraps around the liabilities and energy production estimates and all of the variables of the project,” he explained in an interview. “I’ve seen a very significant degradation of that.”

Lydan said that five years ago in an effort to build market share in what all EPCs understood to be a growing solar market, EPCs were willing to take on a much higher level of project liability.

“There was a time during which people’s desire to penetrate into a new market meant that they would do extraordinary things to do so,” he said.

Finally, take a look at the PDF for the full interview.

Related Insight

Minerals and Metals

The Growing Role of Minerals and Metals for a Low Carbon Future

“The Growing Role of Minerals and Metals for a Low Carbon Future.” There is growing awareness that human activities are having a major impact on the earth’s ecosphere. So much so that many are now defining a new geological era: the Anthropocene. That is a time when humans have become the driving force in the earth’s physical […]

Read more
Phoventus

Phoventus Celebrates a Decade of Positive Growth

Phoventus celebrates a decade of positive growth for renewables and hybrid power solutions As Phoventus celebrates its 10th Anniversary, we look back at the extraordinary rise in the use of renewable energy worldwide since we launched our business and ponder the challenges for the sector that lay ahead. It’s quite extraordinary to reflect back on […]

Read more
Solar 101

Solar 101 – Basics and Project Planning

Solar 101 This presentation provides an overview of key concepts in relation to the planning, design as well as construction of ground-mount solar 101 projects intended for a non-technical audience. Planning Key Principles The best practice for the engineering of large capital projects involves a phased approach. Usually, it begins with Front End Engineering Design or FEED, […]

Read more