#AssetManagementBites #5 from Solar Asset Management Best Practice Guidelines

Feb 10, 2020

Welcome to the #AssetManagementBites.

Every Monday we will be sharing with you one of the numerous recommendations, best practices and advises (“bites”) from the “Solar Asset Management Best Practice Guidelines Version 1.0”.

The document was developed by SolarPower Europe with the contribution of Alectris. The “Solar Asset Management Best Practice Guidelines Version 1.0” is a resourceful guide addressing the commercial and financial management of solar investments, balancing the risks, opportunities, costs, and performance benefits. The document aims to encourage asset managers to keep their services consistent and at the highest level.

 

Bite #5

Chapter 9: DATA MANAGEMENT AND HIGH-LEVEL MONITORING

9.1.4. Regular updates and software reliability

 

Asset managers should be involved and interested in further developing the capabilities of the Asset Management Platform they utilise. This can be done through typical feedback mechanisms with the chosen software vendors utilised, but this can also mean using broader parts of the Platform to further digitalise operations as the Asset Manager evolves with functionalities.

 

The implementation of an Asset Management Platform can often serve as a great opportunity to continuously review internal activities and processes to ensure that Asset Managers are focusing on value added activities rather than data entry.

 

The Asset Management Platform must be updated continuously and during every update performed, it must be able to continue collecting the technical data from the monitoring systems within which it is integrated.

 

 

 

Asset Managers should also take steps to ensure the reliability and bankability of their software vendors as this may impact data continuity in their operations.

 

 

 

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About ACTIS ERP

ACTIS ERP is an innovative Renewables’ Enterprise Resource Planning Platform dedicated to empowering end-owners and stakeholders of renewables’ assets, Asset managers and O&M service providers with full control of their portfolios through the award winning, one-stop solution providing comprehensive and integrated Real-time Monitoring, Service Management, Asset Management, PPA Billing, Project Management and many more tools. ACTIS helps you achieve the maximum performance of your assets by streamlining operations and consolidating Technical, Operational and Financial Reporting, increasing efficiency and reducing your costs.

ACTIS meets the requirements of the Asset Management Platform described in the Solar Asset Management Best Practice Guidelines Version 1.0″. Moreover, ACTIS was certified with the Solar Best Practices Mark developed by SolarPower Europe.

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