Asset Management

GCV Asset Management

The social and environmental objectives at the heart of Energise Barnsley ultimately rely on the generation of renewable electricity from our portfolio of solar PV assets.

Managing the performance of this portfolio underpins our ability to create & sustain social impact.  Effective asset management is essential for the project to deliver its full value over 25 years – resulting in the creation of a community fund to help alleviate fuel poverty, address education inequality and support vulnerable persons in the local area.

Our asset manager, Generation Community Ventures (GCV), helped develop the Energise Barnsley project from inception through to close.

Generation Community Ventures

Generation Community Ventures asset manages over 1500 sites for Berneslai Homes, and over 260 schools for Energy for Tomorrow. GCV also asset manages solar installations for other Community Benefit Societies.

Slide of GVC Asset mgmt

The asset management system helps ensure good governance by streamlining interaction between key project stakeholders:

  • It feeds directly into an active O&M programme which flags and tracks any issues as they are detected. Full logs of remedial action are compiled.
  • The system also monitors accrued revenue and automatically reconciles with quarterly cash receipts from the FIT licensee.
  • Finally the system generates reports (both financial & underlying performance) for Barnsley MBC, for bondholders and for submission as part of company year end accounts.

Results and outcomes

GCV’s asset management solution has a track record improving performance and revenue across a number of portfolios.

Listed below are some of the best results from distributed UK wide portfolios.

Underlying Performance

  • Overall lift in YTD performance of 8.7% relative to previous year
  • Lift in Q2 performance of 11.9% relative to previous year
  • Identified under-performance on 28 systems
  • Repositioned array on 1 site for optimised sunlight exposure
    Recovering 610 kWhs per annum (22% increase)
  • Brought 106 systems back online – recovering around 258,800 kWHs per annum
  • YTD PR raised from 96.18% (in 2017) to 103.28% (2018)

Revenue Lift

  • Overall lift in YTD revenue of 12.9% vs previous year
    (+7.4% relative to financial model)
  • Lift in Q2 revenue of 16.39% vs previous year
    (+13.29% relative to financial model)