Renewable energy generation, data collection, changing analytics, the grid edge... In a continually evolving industry how does the renewable asset manager keep up with the changes? Edmee Kelsey, founder and CEO of 3megawatt GmbH, gives PES her analysis of the situation....
The future is bright for Japan's solar market. Bloomberg New Energy Finance expects new installations to the tune of another 30GW until the end of 2018. The buzz was clearly felt at Solarplaza's Solar Asset Management conference in Tokyo last week. But Japan has some unique opportunities and challenges when it comes to installing solar PV.
Exciting news at 3megawatt: After winning in March the prestigious Red Herring Award (top 100 most promising technology startups in Europe) just last month, another award confirms its excellence in innovating. This time 3megawatt wins the EuroCloud 2016 "Best Cloud Service for Vertical Markets" award.
Starting company is a daunting and highly demanding venture to undertake, no matter the size of your company. But a lot has changed in the start-up world in the last 20 years. Before you start a business to day, there are plenty of possibilities to practice before you jump in. Depending on what you plan to do, setting up a new business activity will require just a fraction of the start-up capital compared to what it used to. Read about the "Dry Run", why "Start-ups are Cool" and the "World is your Talent Pool"...
3megawatt, a software solution provider offering a cutting-edge asset management platform for the renewable energy industry, has been selected as a winner of the 2016 Red Herring Top 100 Europe award. The Red Herring Top 100 is a prestigious list honoring the year’s most promising private technology ventures from the European business region. This award recognizes 3megawatt’s position as a leading software solution provider for the renewable energy industry.
Datasets from multiple sources allow PV power plants to be monitored more closely than ever before, but how best to use this data is another ball game. In the most recent issue of PV Tech, Edmée Kelsey and Gwendalyn Bender look at how data should best be stored, managed and mined for effective solar asset management.
It was standing room only during some sessions at this year’s conference. More than 400 attendees gathered to learn about the latest trends and insights in solar asset management and O&M. Now in the 3rd year running, the conference seems to continue to pick up steam.
One of the most common questions we get at 3megawatt is: “When is it the right time to implement a software solution to take care of all areas of your asset portfolio?” The short answer is: “before it’s too late!” As vague as this sounds, there are a number of ways to avoid reaching a ‘disaster’ point that could impact on your asset management results.
As solar becomes more popular across all markets, there is a growing expectation that these systems will perform past their 25-year warranties. Therefore, operations and maintenance (O&M) has become less of a fad and more of a requirement on projects large and small—residential to utility-scale—to ensure maximized efficiency of installed systems. Join us in a special 1-hour presentation that gives tips for post-installation success: how to correctly install systems, identify issues and fix them before they become major problems.
The solar market has been growing at breakneck speed and the predictions for the future are getting growing bolder by the day. However today it is not just the project developers, hardware manufacturers, EPCs and banks and who are keeping busy supporting the solar industry’s growth.
Regardless if the sun shines or does not shine, the banks want to receive their debt service in time. And the PPA off taker wants their guaranteed solar energy delivery as scheduled. All the investor cares about at the end of the day is receiving the returns on investment they expect. And someone has to ensure that this happens.
Edmee Kelsey, CEO of solar asset management company 3megawatt, talks with Solar Power World editor Kelly Pickerel about the latest trends in asset management and why solar project owners would benefit from partnering with a knowledgeable company.
An important task of the solar asset manager is to monitor the overall performance of the generating asset. Often they have outsourced the live performance monitoring to a third party O&M provider. This O&M provider will typically send the PV asset manager monthly or weekly performance reports.
But PV asset managers increasingly want timely access to the performance data of their portfolio. And they want it at their fingertips. Sometimes they are frustrated with the time lag between actual generation and the outsourced reporting. But mostly they need timely data to produce their own internal management and financial reports.
So what do PV asset managers do today to get timely access to consistent data across their entire portfolio?
The dust has settled. After a crazy whirlwind of activities, all the project documentation has been signed minutes before midnight. The solar project has been built despite all the roadblocks on the way. It is now operational and connected to the grid, just before any imposed deadlines. The sun is shining and PV plant is producing as planned and everything is fine. Time to relax and collect the cash flows for the next 20 or 25 years?
2014 was the year when many owner/operators started to realize the importance of solar asset management. 2015 marks the year where for the first time there is an industry conference dedicated to the topic. The solar installed base is growing, the market is getting more mature and consolidation is starting. These are our 5 predictions for 2015.
We are excited to be involved again at Solar Asset Management North America, hosted by Solarplaza on 1-2 April in San Francisco! Join our CEO & founder, Edmee Kelsey as she presents on the topic "Optimizing Financial Management" the 1st of April at 14.00 hrs.
"Today, solar asset management is the new buzz word in the industry. What has changed?"
There are many reasons why solar asset management is becoming very topical: first of all the global installed base of operational solar has grown significantly: there are simply more solar plants to manage. Secondly the complexity of managing the assets is increasing, as solar projects are becoming smaller and bundled in portfolios. Thirdly investors and banks have gained more experience and are demanding a more professional approach of asset management. And last but not least changes in feed-in-tariffs, bankruptcy of project contract parties, and the progression towards more market oriented electricity sales mechanisms are increasing the overall
3megawatt is involved in Solar O&M Europe, a two-day conference and exhibition that covers all the topics related to maximizing returns from solar PV plants. We would like to invite you to join us and 250 other attendees (asset managers, service providers, investors, IPPs, EPCs and developer - from all across Europe) at Solar O&M Europe.
You have just acquired a portfolio of solar assets. You are wondering if you should outsource this to an independent solar asset management firm or manage the solar assets in-house. With solar asset management we refer to the full scope of commercial and technical asset management, including the supervision of the O&M service provider. What are the considerations you should keep in mind?
During the Solar Media conference in Munich last week, Nick Boyle, CEO of Lightsource Renewable Energy, quoted 3 reasons for managing everything in-house: 1. Keeping control, 2. Not giving away margin and most importantly 3. gaining more commitment and ownership of any problems.
Does this mean that in-house is the better option? It depends.
During SolarMedia's "Doing Solar Business in the UK conference" in Munich, Edmee Kelsey of 3megawatt said the commercial rooftop segment in the UK holds a great deal of potential. UK rooftop solar also has the key advantage of being considered favourably by Greg Barker, the Conservative party politician who heads DECC.
We often get asked if there is a smart methodology to do solar PPA invoicing. Most solar asset managers use a combination of Excel spreadsheets, PV monitoring systems and accounting systems to produce their solar PPA invoices. It works, but it is time consuming and prone to errors. We recommend the following tips to make your PPA invoicing easier for you....