AssetManagementBites #16 from Solar Asset Management Best Practice Guidelines

May 4, 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 #16

Chapter 9: DATA MANAGEMENT AND HIGH-LEVEL MONITORING

 

9.2.6. Aggregating Data

Often the information gleaned from any one of  the market, weather and other sources of data is of relevance at the individual asset level; however, it can increase in value across multiple projects.

At an aggregate level, looking at trends or precursors, we can see the compounding effect of variances and quantify/identify systematic risks that would not be as visible on a single project.

A definitive best practice is the ability to view and interact with different types of data at the portfolio and asset level.

Third-party data analysis providers are being increasingly integrated into the traditional Asset Manager/O&M structure for exactly this purpose in the case of larger portfolios with disparate O&M providers.

Often enough different data types will have different taxonomies, definitions and formats. And in a similar fashion they may “live” in different systems.

Thereby the best practice of aggregating this information is in a primary Asset Management system.

 

 

 

 

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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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