SMA attains 1 GW solar service portfolio with Brookfield Renewable

• Complying with the execution of a Framework Agreement in November 2019, SMA America and Brookfield Renewable have actually successfully executed solution agreements referring to a substantial 1 GW solar portfolio consisting of over 500 solar facilities across North America.

The service arrangements will focus initiatives to maximize power manufacturing as well as earnings development utilizing an ingenious structure that shares risk and chance in between both companies. SMA is uniquely positioned for this mandate thanks to, among other points, its extensive knowledge of inverter innovation and exceptional bankability.

The contract was initially authorized by Terraform Power, which is now a completely owned subsidiary of Brookfield Renewable and also its institutional partners.

Over the past months, SMA has increased its solution protection locations throughout North America and strengthened its back-office and support functions to prepare for offering service to the Brookfield Renewable solar portfolio. Furthermore, SMA's inverter repowering initiative got a company footing in the U.S as well as Canadian markets in 2019, and also this ability will certainly play a crucial function in increasing the dependability and also power generation of the Brookfield Renewable solar portfolio. With more than 35 years of experience in photovoltaics innovation and deep expertise of inverter modern technology, SMA is uniquely qualified to offer Brookfield Renewable's portfolio.

" We provide our customers with a comprehensive range of services to include corrective maintenance tasks in a single set cost," said Bernhard Schuetz, head of the service product group at SMA Solar Technology. "This assurance together with SMA's solution facilities and modern technology knowledge provides property owners with the certainty of ideal long-term efficiency."

By using this model, SMA supplies plant proprietors and also their monetary stakeholders with a foreseeable expectation of operations costs and also earnings generation that makes sure service situation certainty of task business economics for the following decade. Similar versions have actually ended up being the requirement in various other areas of renewable resource O&M (i.e. wind energy). SMA is taking the lead in offering this extensive charge structure in the solar space as well as can accept this obstacle by managing threat with continuous technology.

SMA's financial stamina and also global existence deal distinct benefits, making it a solid partner that will totally sustain Brookfield Renewable's long-lasting O&M needs. With these Brookfield Renewable agreements, SMA now takes care of 3.2 GW of O&M service in the Americas area and 4.8 GW globally.