We have significant experience of the development of new projects and of the issues which can sometimes delay their progress.
SmartestEnergy works closely with developers to structure agreements to take account of such construction risk on a project-by-project basis.
We have extensive experience of particular issues that can arise with both conventional and renewable projects across the spectrum of technologies including wind, hydro and biomass.
In some cases we are able to share the risk of late or non-completion of projects after having carried our relevant due diligence to establish expected completion date for initial price fixing.
On smaller projects, generators do not have to provide credit support and there are no penalty payments if the project is commissioned late.
Our Power Purchase Team is able to provide further advice on the issue of construction risk for a particular project.