assets

As the solar industry matures, pressure for asset owners to deliver higher returns continues to mount.  Not surprisingly, so has the demand to improve operations and maintenance (O&M) efficiency – the single largest component of a utility-scale solar asset’s post-construction budget. Whether an asset owner performs O&M in-house, outsources to a third-party, or utilizes a […]

California regulators have denied Pacific Gas & Electric’s (PG&E’s) plan to sell a multibillion-dollar stake in the utility’s power generation fleet to a New York-based investment firm. Oakland-based PG&E, which has been seeking to raise money for future operations and to help recover from financial losses due to a series of California wildfires, wanted regulatory […]

Developments in communication technology, including software applications and new control hardware, are providing utilities the ability to monitor assets, analyze alarms, and control their power generation facilities remotely. Companies are using new technology to address power plant operations, support maintenance tasks, and ensure proper compliance reporting and incident response. Remote monitoring was part of POWER’s […]

Photovoltaic (PV) systems eventually lose their ability to generate power, leaving asset owners with a major decision on what to do next. Whether it’s outright damage from extreme weather events or expected

How do utility asset managers deal with risks and failures of assets in the long-term? How much should they be budgeting for maintenance, asset renewal, and investments? The answers are not always obvious for asset managers that are faced with increasingly severe weather and the need for strengthened electrical grids. Another layer of unpredictability is […]

Affiliates of one of South Korea’s largest business conglomerates announced they no longer will provide financial support for coal projects, putting in jeopardy plans to finish a 2,100-MW coal-fired power plant project that has been expected to come online in 2024. The six financial affiliates of the Hanwha Group, during a video conference on Jan. […]

Material changes to the UK peak power and capacity markets sector has resulted in 3 major reserve power facilities becoming insolvent. As a result, 44MW of standby power generator assets are available for sale either in-situ, to take advantage of STOR, FFR and future capacity markets, or piecemeal for removal. Dan Hurd of Ernst Young, […]

A myriad of issues come into play when parties execute power industry mergers and acquisitions. Part 2 of this two-part series looks at the issues involved with acquisition agreements, and some of the more

NextEra Energy on May 21 said it would acquire several assets from Southern Co., including Southern’s ownership interest in two natural gas-fired power plants in Florida, in a deal valued at about $6.5 billion. Southern in a statement Monday said the sale would help the company reduce debt, which has dogged Southern as its subsidiary […]

NRG Energy said it will sell as much as $4 billion in assets as it seeks to lower its debt and cut costs after a revolt by activist investors unhappy with the company’s direction. Shares of the company jumped 29% to a two-year high on July 12 after NRG announced the moves as part of […]