US firm Nautilus Solar Energy said Tuesday it has joined hands with domestic photovoltaic (PV) plants installer Swinerton Renewable Energy to jointly provide fully integrated asset management services for utility-scale solar plants.
Nautilus Solar develops, builds, finances and operates utility-scale solar parks mainly in the US and Canada. Swinerton Renewable is an engineering, procurement and construction (EPC) contractor and it also provides operations and maintenance (O&M) services for green energy plants under its SOLV platform.
Under the terms of the current agreement, Nautilus Solar will chiefly provide financial solutions through its Integrated Asset Management division. In turn, SOLV will be in charge of the physical and operational services.
Nautilus pointed out that the focus of the US solar industry in its early years was on getting systems up and running, but now it is shifting to asset management as stakeholders recognise the need to maintain or increase their returns on investment (ROI).
The two companies will focus on customers with grid-connected PV parks at home, according to the press release. “Although there are many solar stakeholders performing some asset management functions, few perform a "one-stop shop" of interdependent asset management services which can offer solar stakeholders a significant opportunity to increase their return on investment (ROI),” Nautilus CEO, Jim Rice, noted.
Choose your newsletter by Renewables Now. Join for free!