Preventative Monitoring and how it can minimize your Solar O&M expenses – Part II

The number of solar PV installations in the United States and Europe that are maturing into post-warranty stage assets are becoming a problem for many solar system owners and asset managers. The need for reliable solar operations and maintenance (O&M) becomes even more critical as an important contributor to investment return. PV solar plants are investments that are likely to …

Preventative Monitoring and how it can minimize your Solar O&M expenses – Part I

Software solutions for asset management can provide you with the tools to manage your portfolios from top to bottom, while making your projects more profitable. O&M management is the one area that can truly make or break your projects profitability. To manage a profitable project (maximizing energy yield and revenue while minimizing levelized cost of energy (LCOE)), operations must strike …

Best methodology for asset managers to link up with the accounting team

This is how most asset managers typically do their PPA billings: They go to multiple monitoring platforms, pull the performance reports, add data from multiple sources in an Excel spreadsheet, aggregate the data and then email reports to the accounting team for billing. The accounting team downloads the report from the utility meter, prints them and bills the off-taker manually. …

Best practices for retaining asset knowledge throughout asset lifecycle

Managing a solar farm involves handling many activities and obligations. Feasibility evaluation, EPC management, and O&M management are the three major steps in project lifecycle and involve many activities such as risk assessment, PPA, financing, monitoring and maintenance, billing, and maintenance. Keeping a comprehensive record of these activities will allow you to retain asset knowledge throughout the lifecycle of your …

Market Drivers for Asset Management Software

Asset management software are a recent invention to the renewable energy industry. They provide automated processes and analyses to allow asset managers save ample time and money in administrative, compliance, financial, and documentation activities. In fact, a centralized asset management software may save managers hundreds of thousands of dollars in direct and indirect costs. The paragraphs below explain several market …

How can asset management software compliment Excel?

Microsoft Excel is a widely used tool across many different industries. 90% of businesses use spreadsheets at some capacity or another.  In the Renewable Energy asset management industry, we estimate that 75% of asset managers still use Excel to manage the operations of their assets, despite the fact that there are better solutions available in the market place. It works. …

Top 6 considerations for selecting Asset Management platform

Asset management software is a powerful tool that can help you manage your renewable energy plants in a more effective and accurate manner. With the right asset management software, you can save time through automation, get new insights on your business from collected data, maintain auditable records and easily share valuable information with various stakeholders. Choosing the right software can …

Best cyber security practices for asset owners of solar & wind

Concerned about the hacking activity on the internet? It seems like everyday many organizations are being breached, data is leaked and intellectual property is impacted by malicious activity on the internet. Now more then ever it is important that asset owners of solar & wind facilities take extra measure and apply best practices to keep their data and assets secure. A hacker could …