Wattency EPC Partner Standards

Wattency connects EPC developers with C&I buyers and institutional investors. To protect all parties, we maintain defined minimum standards for developers who list projects on the platform. Here is exactly what we require.

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We review every EPC partner's credentials before granting platform access. This is not a barrier — it is the basis of trust that allows C&I buyers and investors to transact on Wattency with confidence. Developers who meet the following standards can apply and expect a thorough but fair review within 10–15 business days.

1. Minimum track record

Applicants must demonstrate at least 3 completed solar projects with a minimum individual capacity of 500 kWp each. "Completed" means energised and grid-connected, not merely under construction or commissioned at a test level.

Acceptable documentary proof: Commissioning certificates from the relevant DISCOM or nodal agency, CEA Form I filings, and at least one reference contact at the client site willing to confirm operational status.

2. Financial soundness

We review audited financial statements (last 2 years) for:

  • Positive net worth: The developer entity (company or LLP) must have positive accumulated reserves. Negative net worth is disqualifying unless caused by a documented extraordinary event, with a credible remediation plan
  • No defaults: No outstanding NPA classification with any scheduled bank or NBFC, no pending Section 138 NI Act proceedings
  • Working capital: Sufficient current assets to cover 3 months of current project obligations; we assess this via current ratio

3. ALMM-II compliance — mandatory

Effective from Wattency's platform policy in FY2025-26, all modules proposed for projects listed on the platform must appear on the MNRE ALMM-II approved list (Approved List of Models and Manufacturers for solar cells). Projects specifying non-ALMM-II cells will not be listed, regardless of other merits.

This requirement protects buyers from regulatory risk (projects using non-ALMM modules are ineligible for SECI/NTPC/ISTS government tenders) and ensures compliance with MNRE domestic content norms. See our ALMM-II Compliance Guide for full context.

4. Insurance requirements

Insurance typeMinimum coverNotes
Contractors All Risk (CAR)Full replacement value of projectMust be in force during construction; policy copy required at contract execution
Professional Indemnity₹1 crore per incidentCovers design errors and specification failures
Workmen's / WICAStatutory minimum + ₹25 lakh per eventAll on-site workers must be covered
Material Damage post-commissioningReplacement value of modules and equipmentRequired for PPA projects; buyer or developer may hold policy per contract terms

5. Remote SCADA / performance monitoring

All projects above 100 kWp listed on the platform must have remote SCADA (Supervisory Control and Data Acquisition) monitoring installed and operational at commissioning. Minimum requirements:

  • Real-time generation data (kW, kWh) accessible over web/mobile interface
  • Inverter-level string monitoring for projects above 500 kWp
  • Daily generation report delivery to buyer/investor email or API integration with Wattency investor dashboard
  • Downtime and performance ratio flagging — alerts for generation > 15% below expected CUF must be triggered automatically

We accept SCADA systems from reputed manufacturers (SolarEdge, SMA, ABB, Growatt, Solis, Fronius) and cloud platform integrations. Data sharing with Wattency is a contractual condition for projects listed on the platform.

6. Performance bank guarantee

Developers must furnish a bank guarantee equal to 10% of the EPC contract value from a scheduled commercial bank at the time of financial closure. The BG is:

  • Valid for the construction period plus 12 months post-commissioning
  • Callable on documented performance shortfall (generation < 90% of projected P90 CUF) or material quality defect
  • Returned after the 12-month operational warranty period if performance is satisfactory

7. Three-year O&M commitment

All projects must include a minimum 3-year Operations and Maintenance contract as part of the EPC package or as a separate addendum. O&M scope must cover:

  • Preventive maintenance: bi-annual module cleaning, inverter checks, structure inspection
  • Corrective maintenance: response within 48 hours for any generation-impacting fault
  • Vegetation management for ground-mounted projects
  • Annual performance report to buyer with PR, CUF, and yield data

O&M contracts with a "material scope exclusion" (e.g., excluding inverter replacement entirely) will be flagged during due diligence. We recommend EPC developers include comprehensive AMC coverage to avoid buyer complaints that reflect on platform trust.

How to apply

Submit your application through the button below. You will be asked to provide:

  1. Company registration documents (CIN, PAN, GST)
  2. Audited financials for last 2 years
  3. Completed project list with commissioning certificates
  4. ALMM-II module supplier declarations for proposed projects
  5. Insurance certificates
  6. Reference contacts for 2–3 completed projects
Start EPC Partner Application

Content credibility

  • Written by: Wattency Product Team
  • Reviewed by: Wattency Engineering and Domain Advisory
  • Last updated:
  • Editorial policy: See our Editorial Policy for sourcing and review standards.
  • Review cadence: Quarterly review or sooner when major product or policy changes are released.

Frequently asked questions

We review applications on a case-by-case basis where developers have strong project fundamentals but don't yet meet the 500 kWp threshold per project. If you have a strong aggregate track record (e.g., 15 projects of 100–300 kWp each, totalling 2.5 MWp) with verified commissions and positive client references, you may still qualify. Apply and our team will assess the full picture. We are building a network of capable developers at all scales, not just large EPCs.

EPC developers are responsible for their own SCADA and monitoring setup — we do not provide monitoring software. However, Wattency requires API access or data sharing integration with our investor/buyer dashboard for projects listed on the platform. We support standard monitoring APIs and can work with all major inverter manufacturer cloud platforms. Our tech team will guide you on data integration during onboarding.

Before invoking the bank guarantee, Wattency facilitates a structured resolution process. The buyer or investor raises a performance complaint with documented generation data. The EPC has 30 days to remediate or provide a technical explanation (e.g., unusually low irradiance documented by SRRA data). If the shortfall is confirmed to be due to contractor fault rather than external factors, the BG may be invoked proportionally. Full invocation is a last resort — our goal is resolution, not penalisation.

Yes — for all projects listed on the Wattency platform regardless of funding source. Our reasoning: even private C&I projects may benefit from future government incentives, tax claims, or refinancing options that require ALMM compliance. Using ALMM-II modules from the outset protects the buyer's future optionality and ensures the investor's asset meets current MNRE best practice. It also directly addresses the domestic manufacturing policy objective that both central and state governments are enforcing with increasing stringency.