Asset Management is all about securing the best possible return on investment throughout the lifetime of your wind or solar project. Relying solely on a service agreement with a supplier during operations will likely keep your assets operating on a basic level, but without independent optimization advice, your return won't be maximized.
Without taking control of your assets' performance, you could end up with a poor investment that isn’t able to pay back as expected and investors in renewable energy projects will be less likely to pay a good price to invest in your clean energy project.
A detailed asset management strategy is key to realizing the expected return but also lets you explore activities that will help your project to exceed its projected yield, maximizing revenue and return on investment.
Knowledge is power, so the saying goes, and asset management is no different. Read below to find out how we can help you to glean the right knowledge to help you optimize your assets through our asset management services.
If you question your turbine service provider, you will have to dig into and analyze several months of SCADA-data in 10-minute intervals. This comes in the form of gigabytes of information which is not easily interpreted without the relevant expertise.
Did you also know that a guaranteed availability always comes with a long list of carve-outs, such as delay of the service crane and waiting time due to bad weather just to mention a few examples?
These carve-outs can significantly impact your real availability over and over again, so you could be paying incentives to the turbine service provider based on performance that you don’t actually get.
Clean energy asset management is essential and, done correctly, could make a big difference to ROI.
We help you to answer the big questions - how do you make sure that turbines or modules are meeting the performance levels promised in the contract? How do you know that the recurring service and its quality supports a long operational lifetime and low operational costs?
It's not just about getting answers to these sorts of questions, but just as important is knowing the type of questions to ask to ensure that you're fully informed, enabling full optimization through wind or solar asset management
Undertaking optimal asset management is a delicate balance and one that encompasses many different elements. Here's a selection of the different aspects of asset management that we focus on to deliver project optimization for best return on investment:
FINANCIAL ENGINEERING AND OWNER OPTIMIZATION
REPORTING AND GOVERNANCE
PERFORMANCE ASSESSMENT AND OPTIMIZATION
CONTRACT AND RISK MANAGEMENT
SURVEILLANCE AND CONDITION MONITORING
Project owners can increase their overall project earning by up to 2% if they plan for lifetime extension at an earlier stage in the project, rather than beginning the process in the project’s final year.
Ultimately, a successful project is all about how much power you deliver to the grid, not how much time of the year your turbines can potentially operate.
Asset owners who focus on turbine availability don't pay enough...
A study conducted by K2 Management found that wind project owners can increase their overall project earning by up to 2% if they plan for lifetime extension at an earlier stage in the project, rather than beginning the...