This article is the first entry in SolarPower Europe’s 10-part blog series on ‘What’s Hot in Solar’. “The development of the Solar Asset Management Best Practices
Europe is the continent with one of the largest and oldest fleet of solar plants; we need proper care for these assets to meet performance expectations. Operation and Maintenance (O&M) and Asset Management are key to the technical and economic performance of solar systems and plants.
O&M and Asset Management became standalone segments within the solar industry and it is widely acknowledged by all stakeholders that high-quality O&M and Asset Management services mitigate potential risks, improve the Levelised Cost of Electricity (LCOE) and Power Purchase Agreement (PPA) prices, and positively impact the return on investment (ROI).
One of the main challenges facing the solar O&M industry is the discrepancies between the quality of services provided by different O&M contractors. Reasons for this include increasing price pressure, lack of standardisation and minimum requirements, inadequate management processes, poorly qualified staff and insufficient use of digital data analytics. SolarPower Europe’s O&M Task Force has therefore developed and updates annually the O&M Best Practices Guidelines to contribute to the improvement of the quality and standardisation of solar O&M.
With the professionalisation of solar investors and the globalization of solar investment portfolios, service quality expectations are rising rapidly, which puts increasing requirements on asset managers, too. As opposed to O&M service providers, asset managers deal with the commercial and financial management of a solar investment. To address the issue of quality in solar asset management, SolarPower Europe started the development of the Solar Asset Management Best Practices Guidelines, to be launched in December 2019.
Join SolarPower Europe’s O&M and Asset Management Task Force
SolarPower Europe brings together world class experts on O&M and Asset Management to drive the discussion and work on standards and practices that the industry, the financial community and all the relevant stakeholders can benefit from.
If you are interested in joining this Task Force, contact Máté Heisz.
Chair of the O&M and Asset Management Task Force
O&M Best Practice Guidelines Version 3.0
Responding to the discrepancies that exist in today’s solar O&M market, the SolarPower Europe O&M Best Practices Guidelines make it possible for all to benefit from the experience of leading experts in the sector and increase the level of quality and consistency in O&M. These Guidelines are meant for O&M contractors as well as investors, financiers, asset owners, asset managers, monitoring tool providers, technical consultants and all interested stakeholders in Europe and beyond.
SolarPower Europe Webinar: Solar O&M Best Practices Mark
Solar O&M Best Practices Mark
The Solar O&M Best Practices Mark is a self-evaluation-based label to promote transparency and excellence in the solar O&M market.
Visit the solarmaintenancemark.com to apply for the Solar O&M Best Practices Mark.
SolarPower Europe’s annual award-winning Global Market Outlook for Solar Power is the most authoritative market analysis report for the global solar power sector. With comprehensive historical market
On 8 March 2019 in Brussels, SolarPower Europe’s O&M Task Force re-elected Paolo V. Chiantore (Baywa r.e.) as Chair of the O&M Task Force and