Why Italian PV asset managers are forced to innovate
The second "Asset Management Day" was held in Milan last week. 3megawatt was at the event, along with various PV asset managers, investors, O&M providers and advisors. A selection of speakers representing the mayor players of the Italian solar asset management scene discussed the current status and future perspectives for the Italian PV market.
In the last couple of years the Italian PV market has been stalling as a result of retroactive cuts. This has held back investments and has challenged the whole industry, from EPC to owners, asset managers and O&M providers. These cuts are putting pressure on players to strive for a leaner structure and forces them to innovate to reduce operating costs. Innovations include a change of business strategy and smart tools to improve the tracking of production, revenues and costs of their solar portfolios.
Manuel Nasti, VP of Operations at 3megawatt, participated in the panel session "New tools used for solar asset management and O&M". A first take-away of the panel discussion was that after the rush for building new plants in the last years, the industry is paying more and more attention to solar asset management because of unpredicted new challenges and an increasing sophistication of investors and operators.
Another important observation was that tools such as asset management platforms and PV monitoring systems should integrate with each other to facilitate the work of asset managers with the consolidation of ever growing data sets and reporting requirements.
Regarding the Italian solar industry in general, the speakers at the conference predicted a consolidation period for solar assets. As the retroactive cuts are now a certainty, they expect that a secondary market for solar assets will gain pace, with troubled asset owners ceding assets to investors with lower operating costs and lower cost of capital.
Solar and Wind asset managers have growing responsibilities as the renewable energy industry matures. We’ve outlined how asset management can be defined and some tips for emerging markets like Latin America.
Compliance obligations are designed to keep your wind and solar projects on track. Setting up an accountable process for your tasks is a top priority for successful companies. These 10 steps will guide you through compliance management best practices that we want to share from working closely with a diverse set of asset management professionals.
A community solar project provides a unique model to distribute renewable energy with the cooperation of community organizers, public offices, and energy providers to benefit from a new way to drive solar energy projects. Learn some tips for managing the complexities of your community solar project.
There are a lot of questions about the difference between a monitoring system and renewable asset management software. Specifically, if it provides similar functionalities as a monitoring system and when to start using asset management software. This article walks you through the differences, similarities, and how you can use these two platforms together.
The Orange Button Initiative was started recently to drive down the cost of distributed solar energy finance and facilitate data interchange. 3megawatt was invited to talk about our relationship to Orange Button, where North America’s lead customer manager Brendan Cook discussed “How automated data interchange can help reduce the effort of monthly reporting.”
Excel is an incredibly useful tool and we may never move away from it entirely but it is important to recognize when your asset management practices have outgrown spreadsheets. It is time to move on… It will be hard to let go of those handcrafted spreadsheets that have become so routine but unfortunately they are not conducive to a complex portfolio and ultimately the growth of your company.
It is about that time - you must start processing your PPAs again it is an inevitable part of renewable energy management. Although a simple and routine task someone must do it. As an asset manager you might even look forward to the busy work, for once, you get to sit down with a cup of coffee. The problem is the endless amount of tasks keep piling up. Learn how easy it is to set up your automated invoicing system and even go paperless! It is a lot easier than it sounds.
The GDPR (General Data Protection Regulation) is a new regulation that will affect the EU. It is the most significant piece of European data protection legislation to be introduced in 20 years and it will come in force May 25th. Your privacy is very important to us! Accordingly, we have developed this policy in order for you to understand how we collect, use, communicate, disclose, and make use of personal information.
Listen to a new episode by Suncast that discusses how software might help companies grow in the renewables industry. This episode features Edmee Kelsey the founder and CEO of 3megawatt where she shares industry insights, market development, and professional growth.
Although renewable energy asset management software has many benefits, it’s not necessarily a required tool for every company. So if you’re still wondering whether or not it would be worth the investment for you, this section will help you pull the trigger.