The Spanish electricity market is undergoing massive reform that will promote deeper penetration of renewables. As promised by the ecological transition minister in 2018, these changes are aimed at making the electricity sector more decentralized and plural. Results are already evident in solar energy. In the first half of 2020, 780MW new solar PV capacity was added in Spain.
While this results in growing business opportunities for asset management companies on one hand, it makes their job more difficult on the other. That’s what happened to Aurea Capital Partners. Their products and contracts had increased, yet their management tools remained unchanged. The firm decided to craft a strategy that not only solved clients’ needs but guaranteed returns. Their business model needed a makeover for more efficient data management and processing.
About Aurea Capital Partners
Aurea Capital Partners is an investment and asset management firm that was founded in 2013 by a group of professionals specialized in renewable and conventional energy, infrastructure, and other industrial sectors targeting investment management opportunities as well as project development and operation. Excellence in asset management is fundamental for investment performance and a differentiator at Aurea Capital Partners.
The company has undertaken several utility-scale projects in solar energy through joint ventures. Also interested in renewable gas, the firm develops Greenfield projects related to manure and other livestock waste management, to produce bio-methane and/or electricity. The company is domiciled in Spain.
QBI Solutions Steps in
Aurea Capital Partners were finding it challenging to mix and link technical scenarios of their projects to financial impacts. Their business processes were getting overwhelmed, and it is understandable why. Dynamics in the Spanish energy market have prompted investors to internationalize and/or regionalize their renewable energy portfolios. For instance, solar PV is growing and has a guaranteed future in Spain, given the 100% renewable electricity goal set by the National Energy and Climate Plan (NECP) for 2050.
Investments and related risks present special challenges to asset managers in this sector. Asset managers must be ready to face region-specific issues, such as taxes, even as they manage more data. Aurea Capital Partners decided to turn to the experts, specifically QBI Solutions.
Since the inception of the partnership, QBI has successfully created a platform that has delivered various wins for the customer. The result of this collaboration was a comprehensive solution with wide capabilities. Here are a few advantages of QBI platform:
- End-to-end visibility providing 360-degree view of clients
- Enhanced operational effectiveness and efficiency through a comprehensive central management cockpit with up-to-date data
- Data integrity and efficient transactional management in a system based on a single source of truth, covering prices, contracts and services
- Capability to grow through a modular approach based on a best-in-class technological backbone
Testimonials from Aurea Capital
The management of Aurea Capital acknowledges the distinctive capabilities added by their partnership with QBI, especially in handling complex data issues arising from the projects. Aurea Capital’s partner, Carlos Bendito, states that “QBI allows us to mix and link technical scenarios to financial impacts in a seamless way. The Microsoft cloud technology they implement reduces wait time considerably and allows us to aggregate and distribute data to the level we need”.
This collaboration has brought a level of transparency in asset management never witnessed before resulting in unmatched credibility for Aurea Capital. In the words of Carlos Bendito “we run several M&A transactions during the year and for us, the QBI platform is the perfect tool for secured collaboration, where external parties can access certain areas and functionalities we control, while we continue to operate the rest of our portfolio, all under the same roof”.
Summary of the Gains
We are happy that Aurea Capital Partners has improved its business processes from the time this collaboration started. In particular, they report the following benefits from our collaboration:
- QBI platform, based on Microsoft Azure, keeps our assets safe and our data secured to the highest standard
- QBI is a solution 100% based on the Microsoft suit, providing an end-to-end solution that facilitates the digital transformation of our clients. It offers consistency in every interaction, driving customer intimacy and clarity to the highest level
- We can easily create custom dashboards in Power BI, providing our customers with free access to the data in any way they want, at the click of a button
- Through the QBI cloud access we provide flexibility and maximum security to our customers who can access independently their specific data
Regular feedback received by Aurea Capital from their customers point in the direction of exceeding the expectations after engaging with the QBI management solution. The firm and its customers feel they got real value from the engagement with QBI solutions.
Are you eager to learn more? Contact us and let us discuss how QBI one-stop software can extensively streamline your business operations in renewable energy.
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