Figure 8: Key underwriting criteria
● Natural Catastrophe exposures ● Geotechnical Conditions ● Site accessibility ● Bushfire & vegetation management
Project Location
● Proven / prototypical technology ● Product / Type Certification
● Wind rating & design ● Lightning protection ● Reliable supply chain ● Robust Warranties
Technology
● EPC and O&M Contractor experience / track record in sector ● OEM support / involvement in the project & appropriate warranties ● Proven quality assurance & control system ● Distance to connection points ● Bottleneck exposures ● Acceptable equipment redundancy & configuration ● Overhead / buried transmission lines ● Number of other projects using non-owned substation ● Established risk management procedures ● Float / time contingency in project schedule ● Standard Liquidated Damages regime ● Critical spares holding ● O&M agreement in place with asset management strategies and maintenance plans
Experience
Grid Connection
Risk Management
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