D. Guarantee bonds. Guarantee obligations should be the subject of important negotiations between the parties to the supply, installation and balance sheet of the installation agreements. However, the nature and extent of a contractor`s guarantees depend on the services, materials and/or equipment they must provide. A turbine supplier`s warranties generally include a general warranty of parts or components (the definition of a defect may be important, when determining what is contained or excluded as a defective or non-defective part or component in a wind turbine or related facility, a performance curve guarantee (i.e. the measurement of the power of a wind turbine generator), a guarantee of availability (which relates to the fact that wind turbine generators are actually available for power generation), a performance curve guarantee and related issues. For a contractor who provides non-turbine services and materials such as the balance sheet of installation services, warranties would be limited compared to those of a turbine supplier, but would continue to provide guarantees regarding parts and materials used in all construction and engineering services provided. The TSA generally covers the construction, construction and delivery of these components on site, as well as the assembly, commissioning and warranty of each WTG. The form of the TSA may be a custom form or a modified standard form, but it is adapted to the specific requirements of wind turbine supply contracts.
The developer and turbine supplier enter into a turbine supply agreement in which the project proponent agrees to acquire a number of turbines from the turbine supplier and the services provided by the turbine supplier to provide and commission turbine equipment at the project site. A. Financial issues. A wind project developer often needs a significant form of loan financing or joint venture to pay for the design, engineering, procurement, construction and first operation of the project. Financial institutions and potential investors will seek the opportunity to review and comment on the range of turbine supply and equipment contract balance sheets (as well as related operations and maintenance and warranty agreements) before allocating funds. Of particular interest to lenders and potential investors are all the provisions of the agreements that give the lender or investor the opportunity to take over the project when the project proponent (the borrower) is late, and any provision indicating the extent and nature of the damage that a project proponent has made available to a project proponent for a late conclusion or for the failure of the project to produce in expected amounts of electricity. In addition, financial institutions will want to decide on payment plans, security, warranty and inspection rules in project agreements. The law also excludes contracts to manufacture or supply components for electrical power systems on a site, unless the contract also provides for the assembly of these components.