5.1  Overall data

Figure 12: 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 below.