AssetManagementBites #13 from Solar Asset Management Best Practice Guidelines

Apr 6, 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 #13

Chapter 9: DATA MANAGEMENT AND HIGH-LEVEL MONITORING

 

9.2.3. Financial & Commercial Data

 

Financial and commercial data should be integrated into the Asset Management Platform and seen holistically should include, at the very least, budgeted and actual figures on:

1.   Revenue (including any incentive programs)

  • Billings, payments & collections

2.   Expenses (including financing costs, with a focus on planned vs. unplanned expenses)

3.   Financing information and expectations (debt, equity, etc.)

4.   Financial statements (balance sheet, profit & loss, and cash flow statements)

5.   SPV administration (signatories, authorisations, structures, requirements)

6.   Tax status, filing timings, etc.

7.   Insurance (status, conditions, claims, etc.)

8.   Documentation (requirements, key documents, etc.)

9.   Compliance records

 

 

 

 

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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.

To learn more about our oftware request ACTIS demo!