|
Risk category | Government | SPV |
|
Design/construction risk | | |
Planning and site selection risk | √ | |
Land delivery and coordination risk | √ | |
Design faults | | √ |
Engineering technical faults | | √ |
Labor and equipment acquisition | | √ |
Expansion of power supply capacity | | √ |
Construction preparation | | √ |
General engineering variation | | √ |
Cost overruns of construction and procurement | | √ |
Completion risk | | √ |
Site safety, environmental protection | | √ |
Operation risk | | |
Facilities’ technical defects | | √ |
Commissioning test | | √ |
Facilities and equipment failure | | √ |
Cost overruns of operation and maintenance | | √ |
Quality of service do not reach the standard | | √ |
Grid load regulation | | √ |
Operator default and early termination | | √ |
Overhaul and asset replacement | | √ |
Safety management in operation period | | √ |
Environmental protection in operation period | | √ |
Financial risk | | |
Financing failure | | √ |
High financing costs | | √ |
Interest rate change | | √ |
Foreign exchange risk | | √ |
Debt risk/liquidity risk | | √ |
SPV bankruptcy | √ | √ |
Revenue risk | | |
Change of electric car ownership/charging infrastructure utilization ratio | √ | √ |
Government pricing changes, such as service fees | √ | |
Changes in other revenue | | √ |
Inflation | √ | √ |
Legal risk | | |
Contract document conflict | √ | √ |
Third party default | | √ |
Government behavior risk | | |
Government default and early termination | √ | |
Expropriation and nationalization | √ | |
Approval delay | √ | |
Special engineering variation | √ | |
Tax variation | √ | √ |
Industry standard variation | √ | √ |
Technology variation | √ | √ |
Other risk | | |
Force majeure | √ | √ |
|