SolarPower Europe begins developing Solar Asset Management Best Practices Guidelines

After three highly successful editions of the Solar Operation & Maintenance (O&M) Best Practices Guidelines, SolarPower Europe has started working on a new set of guidelines detailing best industry practices for solar asset management. The kick-off meeting of this new deliverable from the O&M and Asset Management Task Force took place on 8 March 2019 in Brussels. To be a part of this new initiative contact Máté Heisz.

As a response to growing service quality expectations in the solar industry and professionalisation of investors, SolarPower Europe’s O&M Task Force decided to develop new standalone Solar Asset Management Best Practices Guidelines, a segment not covered by the O&M Best Practices Guidelines. The Asset Management Best Practices Guidelines will address topics related to the commercial and financial management of solar power plants such as accounting and financial reporting, cash-flow management, debt management, insurance management, PPA management, SPV representation and O&M contractor supervision. This deliverable will make the experience of leading asset management specialists and SolarPower Europe members available to the global solar industry, including investors looking for quality services, with the aim to increase quality and consistency in the market.

The third edition of the O&M Best Practices Guidelines was published in December 2018 and it covers all segments of solar O&M including power plant operation and power plant maintenance, spare parts management, monitoring requirements, key performance indicators, contractual recommendations, and also touches upon technical aspects of asset management such as reporting.

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