O&M providers need to ‘step into shoes of investors’ – Intersolar Europe

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
Credit: IBC Solar

Solar O&M providers need to better communicate to investors the value they are adding to projects through data management and digitalisation, according to an industry figure.

O&M firms need to “step into the shoes of investors” to prove how these new data tools have impacted plant performance and energy yields, Uwe Schmidt, director, O&M, IBC Solar, told PV Tech at Intersolar Europe in Munich.

“Data management is getting more and more important. Not only saying you have been on the market for however many years, [it is] more based on your actions in the last year with the data in really productive operational topics.”

Whereas in previous eras O&M performance could be communicated via emails, now tools can gather information and send reports far more effectively and instantaneously, but it’s not always easy to explain to investors how a company’s O&M actions have translated into higher energy yields for the plant.

Schmidt added: “Investors are looking more at the quality side and quality is pretty hard to prove sometimes; you have to communicate; you have to prove what you really did.”

Thus the quality of documentation – not only the plant performance – has become important. Companies also need to calculate whether providing a seven-day-a-week service is effective cost-wise compared to just five days.

Schmidt added there is an ongoing debate in the industry about whether it is preferable to have an independent third-party O&M provider or not. Defending the non-independent option, he said that providing O&M services for your own products and EPC-serviced projects allows the O&M team to react quickly in regard to warranty issues and the team knows their own products inside out.

Read Next

January 14, 2022
SMA Solar has cut its earnings forecast for the year by more than half pending a contract issue affecting its operations and maintenance business.  
PV Tech Premium
December 28, 2021
Accurate generation modelling and forecasting is integral to not just the financial performance of operational solar farms, but how they are integrated into modern grids. A study from Monash University in Australia has proven how artificial intelligence approaches can help drastically improve performance forecasts. Dr. Christoph Bergmeir, who led that study, details its key learnings.
PV Tech Premium
December 27, 2021
Solar PV has taken off in the MENA region in recent years, driven by positive governmental policy, prominent tenders and decarbonisation targets. But challenges remain, both for smaller companies wishing to enter the market and in the operation of plants. Molly Lempriere takes a look at the market drivers and the challenges of competing.
PV Tech Premium
December 17, 2021
Operations and maintenance will face huge changes as automation and predictive analytics transform the way projects are managed, writes Sean Rai-Roche.
Sponsored
December 6, 2021
UK-based solar PV inspection and data analytics company Above details how its ‘Follow PV’ project, launched alongside the University of Essex, is enhancing the research and development of autonomous drone technology in utility-scale solar.
November 23, 2021
Renewables developers and O&M provider RES has appointed two new chief executives to lead on its growth plans.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
January 26, 2022
Free Webinar
Solar Media Events
February 23, 2022
London, UK
Solar Media Events
March 8, 2022
London, UK
Solar Media Events
March 23, 2022
Austin, Texas, USA
Solar Media Events
March 29, 2022
Lisbon, Portugal