An EPC (Engineering, Procurement, and Construction) Contract in the construction industry is a contractual agreement between a project owner and the contractor. The contractual framework in an EPC contract enables the owner to transfer the complete risk of design, procurement, and construction to the contractor. The contractor is solely responsible for completing the project and handing it over to the owner in a turnkey condition. This is why EPC contracts are sometimes called turnkey… Continue

NTR Plc, an Irish renewable energy producer and investor, has signed an agreement with Microsoft Corp. to discharge electricity from an 86-MW wind farm project in Sweden.







The corporate power purchase agreement (PPA) is based on the Norra Vedbo wind project, which NTR and Reichmuth Infrastructure, a division of Swiss private bank Reichmuth & Co, jointly own. The agreement is in line with the software giant's ambition to run its data centers in Sweden entirely on… Continue

If you are a construction contractor or construction project manager, you must have wondered how to generate leads in construction or how to get construction leads.







Are you one of those construction contractors looking for viable construction leads to grow your business? Construction lead generation is a strategy driven by precision and perseverance. Finding quality leads is an ongoing challenge that requires a well-rounded approach to lead generation in construction… Continue

The Contracts for Difference (CfD) scheme, which will support up to 12 GW of renewable electricity generation capacity, has entered its fourth allocation phase.







As part of the government's renewable energy auction system, the support program will provide GBP 285 million every year to low-carbon electricity projects.







This is the largest round in the scheme, with more capacity being awarded than in the previous three rounds… Continue

A number of development consortiums, led by Mitsubishi Corp, have been awarded the rights to operate around 1,689 MW of offshore wind farms in Japanese waters.







The Ministry of Economy, Trade and Industry (METI) said that three partnership groups had been chosen for three projects in Japan's first auction for bottom-fixed offshore wind power.







The largest project is an 819-MW wind farm off the coast of Yurihonjo City, Akita Prefecture, that will be… Continue

Powertis SAU, a Spanish solar energy developer, has sold a majority stake in 421 megawatts of solar PV and 90 megawatts of energy storage projects in Italy to Aquila Capital, a German investment management company.







Solar trackers maker Soltec Power Holdings SA, the parent company of Powertis, announced on Wednesday that the parties had reached a deal in which Aquila will purchase a 51 percent ownership in the projects, with the Spanish firm holding the remaining 49… Continue

Selkirk will soon be home to North America's first solar glass production factory. Canadian Premium Sand Inc. (CPS) announced that Selkirk will be the new home of the facility.







CPS estimates that once the facility is operational, it will create roughly 300 employment in the area, with the intention of primarily producing solar panels in North America.







"Every piece of (glass) comes from China or some other Asia-Pacific country, and is largely owned… Continue

Heavy construction equipment is an integral component of any civil, commercial, industrial, or residential construction project.







Depending on job site conditions and construction tasks, construction companies use a variety of construction machinery, including articulated truck, asphalt paver, backhoe loader, boom lift, bulldozer, concrete mixer, dump truck, excavator, motor grader, skid steer loader, telehandler, tower crane, trencher, wheel loader, and wheel tractor… Continue

Project Highlights

Central Vista Redevelopment Project or Central Vista Projects, refers to the ongoing redevelopment to revamp Central Vista - the administrative heart of the Union Government of India.

Originally designed by Edwin Lutyens and Herbert Baker during British colonial rule, the central administrative area will be altered and retrofitted with modern state-of-the-art infrastructural facilities to meet the demand of the current administrative requirements.

The ambitious… Continue

The Fehmarn Belt fixed link or Fehmarnbelt fixed link (Danish: Femern belt tunnel) is a part of the Fehmarnbelt project - an undersea tunnel passing through the Fehmarn strait in the Baltic sea between Germany and Denmark.







The Fehmarn belt tunnel will be a direct link between central Europe and Scandinavia, connecting the Danish Island of Lolland to the island of Fehmarn in northern Germany. The 18,2 km long tunnel will cut travel times between the 2 metropolitan cities… Continue

Project finance is a funding model adopted by project owners to fund capital-intensive projects in public infrastructure, energy, and construction sectors. Unlike traditional financing, project financing is structured around the assets and cash flow of the project without sponsor guarantees.







The past two decades have seen an unprecedented economic boom, especially in emerging economies like China and India. Not to mention, project finance has paved a new wave of global… Continue

Project finance is a funding model adopted by project owners to fund capital-intensive projects in public infrastructure, energy, and construction sectors. Unlike traditional financing, project financing is structured around the assets and cash flow of the project without sponsor guarantees.







The past two decades have seen an unprecedented economic boom, especially in emerging economies like China and India. Not to mention, project finance has paved a new wave of global… Continue

A feasibility study is a thorough analysis of all important components of a proposed project in order to assess its technical viability, economic feasibility, and chances of success.







Construction industry projects are capital-intensive and often require millions of dollars. Before spending such an enormous amount, lenders and project owners need to be confident of the project’s success and financial returns.



What is feasibility study?

A feasibility study… Continue

The impact of COVID-19 on the global economy is undeniable. The oil and gas industry also felt the impact with crashing oil prices, unstable supply chains, and more. More than just buying industrial equipment or replicating processes on drilling platforms is required to ensure oil and gas business scalability.







Adapting to market fluctuations and evolving company needs is only possible by adjusting internal processes and operating models and developing organizational… Continue

Solar energy is an abundant and clean renewable energy source. As solar PV power generation continues to grow, solar businesses, developers, and investors are relying on solar PV (photovoltaic) trackers or solar trackers more than ever to generate electrical energy and maximize solar projects’ ROI under cost pressure.







Furthermore, a solar PV tracker purchase is a good investment in the long term to increase solar production and decrease operating costs across geographies… Continue