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 …

Cost of asset management without automation

The table below calculates your annual soft costs from reporting and data management.  Soft costs are the costs associated with the time and effort to operate and manage solar deployment. In the first quarter of 2017, soft costs accounted for 68 percent of residential system costs, 59 percent for a commercial system, and 41 percent of a utility-scale system. …

Renewable Co-operatives: What data should they track?

Co-ops bring renewable energy to communities, districts and consumers seeking alternative energy sources. A Cooperative owns and manages a portfolio of solar, wind and bioenergy through business models such as utility sponsored, special purpose entity (SPE) or non-profit model to operate assets. Some examples are SMUD, and University Park Community Solar. Capacity of America’s cooperatives have increased from 37 MW …

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 …

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 …

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 …

Top 5 reasons why successful solar & wind asset managers use software

Managing a renewable energy asset involves more than managing on-site activities. If you’re an asset manager, you know that your days are busy switching between many different tasks and collaborating with many stakeholders. Centralizing your data and task management has the opportunity to save you a significant amount of time. Arbox Hap® is an asset management platform that covers renewable …

6 KPIs you should focus on for your Renewable Energy Projects

Decision-making procedures backed by hard numbers is a great way for renewable energy developers to optimize their performance. Key performance indicators (KPIs) can be used to help managers quantify how their renewable energy business performs to make smart decisions. Isolating time wasting tasks, predicting financial feasibility, comparing asset performance and many other metrics can be used to make businesses run …