Chelwood Solar Limited has received tenders for the supply, installation and maintenance of the scheme and has selected Solarcentury as preferred turnkey contractor based on price, quality and experience of delivering similar projects. Solarcentury is a leading UK solar company who specialise in the installation and maintenance of solar PV systems and are considered to be a strong counterparty by the Board and by Mongoose. Any counterparty will be approved by Triodos Bank, as bank loan providers.
An installation contract has been provided by Solarcentury along with an operations and maintenance contract and discussions to finalise these contracts are progressing – heads of terms have been agreed. The contract will include liquidated damages for delayed commissioning and below warranted performance. Triodos Bank are undertaking technical due diligence on the design to ensure industry standards are met.