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Payments and Timelines

The following table sets out key FIT contract payments and timelines. Please refer to the FIT contract for more details about these provisions.

 

FIT Contract On-shore wind Off-shore wind Solar PV Waterpower Bioenergy
Milestone date for commercial operation three years four years three years five years three years
Notice to proceed response date 15 months 15 months 15 months 24 months 15 months
Notice to proceed daily delay amount $0.033/kW $0.067/kW $0.033/kW $0.067/kW $0.067/kW
Pre-construction liability limit

$400,000 +

$2.00/kW

$500,000 +

$2.00/kW

$250,000 +

$10.00/kW

$500,000 +

$20.00/kW

$400,000 +

$2.00/kW
First completion and performance security (initial security) $20/kW $20/kW $50/kW $20/kW $20/kW
Second completion and performance security (incremental NTP security) $10/kW $10/kW $25/kW $10/kW $10/kW

 
Note: Aboriginal and community projects have a lower security amount of $5/kW.