The International Energy Agency (IEA) recently reported that the share of renewables in the electricity generation mix reached a record-breaking 30% in 2021. This is good news for renewable energy technologies, which have overcome several barriers over the years.
While the industry is growing, renewable energy asset managers face several challenges, mostly linked to expanding asset sizes. As the portfolios grow, the need to understand asset details and oversee efficient operations has never been more essential. This article explores five asset management challenges in renewable energy and recommends remedies.