AssetManagementBites #17 from Solar Asset Management Best Practice Guidelines

May 11, 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 #17



9.4. Data format

The data format of the recorded data files must respect standards such as IEC 61724 and must be clearly documented.

Data loggers should collect all inverter alarms in accordance with the original manufacturer’s format, to ensure all available information is obtained.


9.5. Interoperability

As a best practice, the system should ensure open data accessibility, to enable an easy transition to Asset Management Platforms.

The table below shows some examples of data integration options.

Due to the lack of unifying standards, this is normally not the case and every Monitoring System provider has their own method to store and retrieve data.

Best practice systems have the possibility to retrieve data by using open APIs such as RESTfull, providing interoperability between different systems.




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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.

To learn more about our oftware request ACTIS demo!