4. Other prominent issues
4.1. Significant Events data
Contents
Figure 14: Prevalence of Significant Events by region
For the purposes of this study, a range of events were classified as Significant Events.These were:
- Insolvency, either of the Project Company or a major contractor
- Change of the construction or operations contractor
- Step-in, either by Procuring Authority or Lenders
- Termination of the project, either by the Procuring Authority or Project Company
- Force Majeure events
- Material Adverse Government Actions (MAGA)
- Uninsurable events
The prevalence of these events is shown above. The key events are described in further detail in section 4.2 (Force Majeure Events).
