Asset Management Software: do the ends justify the means?

What is the value proposition of asset management software? Is software worth the trouble to adopt? This article addresses common barriers to software adoption and how concerns surrounding them can be alleviated by virtue of the nature of the sector. Managing a portfolio of asset can get challenging as you grow. There are many compliance, regulations, documents, finances, performance and …

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 …

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 …

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 …

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, …

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 …