Annual photo voltaic plant operations and upkeep (O&M) prices will double from practically $four.5 billion in 2019 to over $9 billion in 2024.
New analysis from Wooden Mackenzie finds that because the photo voltaic O&M market grows, world downward value stress is driving the implementation of automated options and digital platforms for O&M, significantly course of automation and asset administration optimization.
The longer term is undoubtedly digital. Nonetheless, not all amenities and asset house owners are able to implement digital options.
Optimizing the photo voltaic market
Course of automation might help the trade optimize technician time within the area, in addition to different areas. Technician effectivity is already rising, as measured by what number of megawatts of photo voltaic capability could be served by a single technician, and that pattern is predicted to proceed.
Technicians used to have the ability to service solely 20 megawatts of photo voltaic capability. Now, it’s potential for a single technician to serve 40 to 60 megawatts — greater than doubling their effectivity in some circumstances.
FIGURE: Evolution of Photo voltaic PV O&M Choices
Supply: Wooden Mackenzie
Making web site duties comparable to mowing and module washing, and even safety, extra environment friendly might help cut back general O&M spend.
Asset house owners and operators are additionally more and more investing in superior analytics and O&M-specific software program. This permits them to maneuver away from extra time-consuming strategies of spreadsheet-based analytics, decreasing operational prices and rising information high quality.
Digital platforms for asset administration might help reduce corrective repairs by means of proactive upkeep. Unplanned repairs alone can price house owners as much as $three,000 per megawatt every year (primarily based on an average-sized solar energy system of 50 megawatts). The photo voltaic trade will see $16 billion of unplanned repairs over the following 5 years.
Roadblocks to digital O&M
Though a good portion of photo voltaic PV initiatives at the moment have a monitoring system in place, few are synced in real-time with diagnostics instruments. Even fewer conduct fundamental periodical efficiency assessments.
Ideally, asset house owners would have all operations operating autonomously and linked to an Enterprise Useful resource Planning System. Nonetheless, an end-to-end digital platform isn’t but the norm. Asset operators may deploy a number of the digital options obtainable, however have but to implement an entire digital ecosystem.
Photo voltaic plant administration digitization can hit boundaries when asset managers notice they aren’t capable of talk with the present information construction.That is very true in older photo voltaic initiatives, the place elements usually are not subtle sufficient to deal with a number of communication protocols. For these initiatives, there’s little profit to implementing expensive, state-of-the-art superior analytics platforms.
It additionally doesn’t make sense technically or commercially for house owners of initiatives near end-of-life to deploy an costly and clever platform. An older plant’s information acquisition system is not going to assist all digital system necessities.
World demand and value stress
Because the photo voltaic market hits 114.5 gigawatts globally this 12 months — up 18 p.c from 2018 — the O&M market will proceed rising as nicely. Information in 2018 confirmed an ongoing pattern of value stress on O&M suppliers, which is inspiring competitors at rock-bottom costs.
Digital O&M is changing into extra related as photo voltaic gamers search to scale back prices, improve efficiencies and develop margins.
Leila Garcia da Fonseca is liable for wind and photo voltaic Operation & Upkeep market analysis for the American area at Wooden Mackenzie. She is the writer of the current perception ‘The rising position of digital within the photo voltaic O&M area.’