AssetManagementBites #15 from Solar Asset Management Best Practice Guidelines

Apr 27, 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 #15

Chapter 9: DATA MANAGEMENT AND HIGH-LEVEL MONITORING

 

9.2.5. Third-party data

Asset Managers not only need to understand and aggregate data that come from their projects and their operations, but also, more and more Asset Managers need to understand how to deal with and manage data and information coming from third parties.

 

Market data
With more and more solar projects starting to have exposure to market conditions and trading opportunities, electricity market information is becoming increasingly important. This can include:

  • nodal prices,
  • spot prices,
  • future prices,
  • price forecasts, etc.

 

Ultimately, the structure of the agreement surrounding the market dispositions of a project will clearly dictate what to monitor, log and watch. This can be:

  • grid measurements,
  • rates,
  • schedules, etc.

 

Weather data
This is often lumped in with technical data through an on-site pyranometer or weather station, but more and more third parties offer reliable data feeds that can be incorporated into an Asset Manager’s overview or simply as a validation point for on-site equipment.

 

Other data
Additional types of data sources can be accessed. The important point is to understand why these sources matter and the business objective behind them.

 

 

 

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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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