Top 5 challenges to overcome and scale your renewable energy development

Growth in the renewable energy sector is proliferating. 98 Gigawatts of solar PV capacity was installed in 2017 (REN21, 2018, p. 8). Renewables will account for 85% of global energy production by 2050 (DNV GL, 2017). As renewable energy portfolios and projects grow with the sector, the work involved in managing them scales too. Asset Management software can help automate …

Financial Modelling Guide for Asset Managers

What are financial models? Who uses them? Why are they important? There are many types of financial models and they all serve a general purpose: representing the real world financial situation. These models are used for different purposes, and at Arbox, we have spoken to more than 200 asset managers, and we will show you a few widely used financial …

Do Asset Managers Need CMMS?

Computerized Maintenance Management System is generally used by operations & maintenance providers (O&M) in the solar and wind industry. Asset management (AM) which is a large umbrella of responsibilities which include management of both technical and financial assets, often goes hand in hand with O&M. Given this overlap, let’s consider the question: how necessary is it for asset managers to …

Arbox & Emily Carr Partnership

Arbox is excited to work with Emily Carr University of Art and Design to deliver enriched user experience in the upcoming updated release of asset management software, Hap®. We will work closely with the university to research ways to create better user experience through intuitive software designs, layouts, organization, navigation, and colouring. We strive to make Hap’s operation as easy …

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 …

Asset Management Vs. Operations & Maintenance

Asset Management (AM) and Operations and Maintenance (O&M) in the solar industry are two hot topics that keep getting hotter. The exact definition of each is blurred but both AM and O&M are necessary in the long-term operation of renewable energy facilities. Let’s discuss the differences between these categories. O&M is a more tangible, boots-on-the-ground concept. It encompasses the individuals …

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 4 asset management software platforms compared

Companies that use asset management software have the ability to do more with less and maximize their returns. This is the common value proposition across the top platforms. But what is the difference between the platforms from a technical perspective? Download this guide to see a side by side comparison of the top asset management platforms and learn more about …

Are you getting the most out of your asset reports?

Asset reporting is critical for the proper management of renewable energy assets. It’s important to keep a high level view of your facilities’ performance so you can spot a weak turbine or a poorly managed maintenance activity before it hurts your bottom line. A good strategy for this is to generate recurring reports that summarize the asset’s performance on a …

The IEA will raise its estimates for the deployment of Renewables

The IEA works to ensure reliable, affordable and clean and renewable energy for its member states and is involved with energy related forecasting. Its revisions represent increasing interest in sustainable technology. This is in line with the 2015 United Nations Climate Change Conference in Paris where 195 countries agreed to work towards limiting global warming to less than 2° C …

Compliance management best practices for Solar and Wind

Solar & wind facility asset owners have certain compliance obligations for every site. These obligations are activities that need to be completed for another party. They can come from the terms of a partner contract, regulatory policy or even just a company rule. Failure to perform any one of these tasks could cause damage to a relationship with a partner, …