Unergy
  • ☀️Introduction
    • Abstract
    • Motivation
  • 🔃Protocol
    • Introduction
    • The uWatt: A stable currency collateralized in clean energy
      • uWatt reference value
    • Project origination
      • pWatt tokens
      • Project milestones
    • The Swap
      • Swapping pWatts into uWatts
      • External pWatt holders
      • Swap factor
      • pWatts ‘outside’ the Reserve
    • Energy tokenization and generation tracking
      • Tracking of energy monetization
      • Renewable Energy Certificates (RECs)
    • Management of funds in the Reserve
      • Collecting project income
      • Operation and maintenance expenses
      • Liquidity pool funding
      • Depreciation compensation
        • Asset value calculation
        • Asset depreciation compensation
        • Avoiding overcompensation
      • Distribution of rewards
  • 🗳️Governance
    • Overview
    • Choosing the cash flow discount rates
    • Protocol upgrades
    • Milestone validation
  • 💡Remarks
    • Types of projects
      • Self-consumption projects
      • Utility-scale solar energy Projects
    • Nature of the Unergy Protocol tokens
      • Nature of the uWatt token
      • Nature of the pWatt tokens
    • Incentives for funding Projects
  • 🚒Risks and mitigation
    • Origination risks
      • Delays in the construction or procurement phase
      • Failure to install the Project
    • Real-world funds management
    • Project qualification
      • Technical feasibility
      • Financial feasibility
    • Installer qualification
  • 📓Miscellaneous
    • Protocol implementation
    • Definitions and terminology
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  1. Risks and mitigation
  2. Origination risks

Delays in the construction or procurement phase

PreviousOrigination risksNextFailure to install the Project

Last updated 1 year ago

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During the construction or procurement process of a Project some delays could occur. For example, since many of the components are usually imported from Asia, the shipping process of the components to the installation site could be affected by, for example, contingencies that affect international maritime shipping times (such as the Suez Canal obstruction of 2021), public order issues in the target country, bureaucratic processes in customs, just to name a few.

The construction process could also be affected if any particularity is found in the ground of the construction, delays of the component or installation providers, demands or requirements from technical, governmental, or environmental authorities, and so on.

If a Project presents one or more of these problems, the actual construction time could exceed the initial estimation, and the pWatt buyers would have to wait longer to have their pWatts swapped by uWatts, and thus, affecting the equivalent annualized after the swap.

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profit rate they would get