Partnerships and Planning Essential for Solar Asset Management Amid Rising Costs and Inflation Reduction Act Boost.

The role of partnerships and planning in solar and storage asset management is crucial for accelerating the clean energy transition and mitigating the climate crisis. Owners and operators aim to minimize repairs during the asset’s lifetime, ensure consistent, high-yield energy performance, and deliver robust returns on the investment. The Inflation Reduction Act (IRA) is expected to stimulate growth in the solar industry by 69% more than expected without this, and rising interest rates have increased the cost to finance new projects. Early consideration of operations and maintenance (O&M) and asset management can impact performance, returns, and investor confidence. To maintain confidence, operating solar projects need to consistently meet their production targets. The cost of underperformance caused by equipment anomalies was estimated to represent at least $2.5 billion in annual losses for the solar sector.