Project finance is changing rapidly. What lenders once accepted as “EPC contractor reputation” has evolved into a rigorous, quantifiable requirement: engineering traceability, risk transparency, and asset-level assurance.
Lenders across Europe and the Western Balkans are tightening due-diligence criteria as energy markets become more volatile, technology lifecycles shorten, supply chains strain, and grid operators impose stricter technical requirements. Serbia is no exception.
Lenders now want to see:
• a complete EPC Risk Register identifying every material risk from R-001 to R-220
• a full QA/QC and ITP manual showing how each risk is controlled
• grid-connection interface clauses proving the plant can meet EMS and DSO technical conditions
• performance guarantee verification, FAT/SAT documentation, and commissioning structure
• contractor and OEM accountability, backed by securities and measurable outcomes
Without these elements, projects struggle to reach financial close — or do so at higher cost of capital.
This shift is reshaping the Serbian project landscape. Engineering certainty is no longer optional; it is the foundation of bankability. Developers who embrace disciplined EPC governance gain strategic advantage: better financing terms, lower contingency requirements, reduced technical adviser objections, and higher investor confidence.
Clarion’s frameworks allow Serbian projects to meet — and exceed — these elevated expectations. They translate global EPC standards into Serbia’s regulatory and operational environment, ensuring that every risk, test, and interface is accounted for long before the first concrete pour.
The conclusion is straightforward: bankability begins long before construction — it begins with engineering.
Full solutions available at clarion.energy