Solar: Implementation of operational improvements in large solar rooftop portfolio

Case study

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November 11, 2022

15/3/2022

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5 min

read

Solar: Implementation of operational improvements in large solar rooftop portfolio

Downing assumed the investment and asset management responsibilities for a portfolio of c.3,000 domestic solar PV installations in February 2020.

Downing's asset management team identified a series of financial and operational improvements designed to increase the performance of the projects and KPIs to monitor the progress of these measures.

Our in-house finance, commercial and technical teams then commenced the implementation of these improvements.

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Sequence of events:

Start of asset management agreement
Identified £106k of backdated revenue through data collection reconciliations
Negotiated with regulator to reduce requirements for meter readings – £96k saving
Negotiated new Power Purchase Agreement (PPA) - extending terms to further portfolios
Negotiated operations and maintenance (O&M) early termination – improved terms and pricing expected to commence December 2020

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