ESA Renewables debuts production guarantee program under O&M division

ESA Renewables is taking solar guarantees one step further with the launch of their Solar Power Production Guarantee program, which promises specific monthly energy production for solar energy systems under an ESA O&M agreement. If the system fails to meet ESA’s annual guaranteed power production levels, the company will compensate the solar project’s owners for the difference between guaranteed and actual energy generated.

“ESA is the only company to offer a solar power production guarantee of this type,” said Jeffrey Burkett, president of ESA Renewables. “We stand behind our solar energy projections whether or not we constructed or commissioned the solar farm.” Under the program, once the asset manager contracts with ESA for O&M, engineers will visit the solar site and perform an audit and analysis. Evaluating current and historic data, including energy production levels, panel and inverter compatibility ratios, high efficiencies, the tilt of panels and weather variants, ESA will make projections for future production levels and guarantee that rate on return.

Once the company finishes its audit, it will make any needed system upgrades and install its monitoring system. ESA will chart projected and productions levels and implement a guarantee with the facility owners to meet the expectations set forth. If, for any reason, the system does not meet the projected levels, ESA will compensate the plant owners for the difference between the two numbers based on a set cost per kWh.

PV-Tech Storage Promo

Newsletter

Preview Latest
Subscribe
We won't share your details - promise!

Publications

  • Photovoltaics International 24th Edition

    Signs earlier in the year of the global industry entering a growth phase have now been confirmed beyond any doubt. Almost all the big-name suppliers have now announced some form of manufacturing capacity expansion, a trend that analysts agree will only gather pace as long as the levels of demand predicted over the next few years turn out to be correct.

  • Manufacturing The Solar Future: The 2014 Production Annual

    Although the past few years have proved extremely testing for PV equipment manufacturers, falling module prices have driven solar end-market demand to previously unseen levels. That demand is now starting to be felt by manufacturers, to the extent that leading companies are starting to talk about serious capacity expansions later this year and into 2015. This means that the next 12 months will be a critical period if companies throughout the supply chain are to take full advantage of the PV industry’s next growth phase.

Partners

Acknowledgements

Solar Media