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 …

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. …

Why asset owners should now consider Solar + Storage

Many utilities and IPPs are now considering Solar + Storage for upcoming projects in their development pipeline. As lithium-ion battery prices decrease and storage technology becomes more affordable and reliable, many projects are cropping up around the world. For instance, Duke Energy is investing $6 billion in a 700 MW PV plant plus 50 MW for storage to replace its …

Challenges Asset Managers face with their growing portfolio

With increased investment in solar PV installments, many solar companies are growing their portfolio through acquisitions, new site development or other strategies. With more than 75 GW of solar power installed worldwide in 2016, there’s a growing opportunity for effective management of these new assets.While expanding your portfolio is a good way to increase income, it also comes with challenges …

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 …

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 …

Top 8 Benefits of an Asset Management Platform in Renewables

Renewable energy project management involves many challenges (stakeholder coordination, scattered documents, suboptimal workflow, cluttered inboxes, etc.) that professionals in the field have to face on a daily basis. The exponential development of renewables in recent years has led to a certain reorganization of asset management. It was necessary to find better ways to optimize Return on Investment (ROI) through the strategic …