Asset Life Optimisation Forum

Day 1 - Tuesday 27 February 2018

Registration And Refreshments


Chairman’s Opening Remarks

Chris Smith, Generation And Asset Management Director, RES

Asset Management Strategies For Investments In Technical Assets


Keynote Address: The Optimal View: Finding Synergy Between Investing And Enhancing Value With A Large Scale Technical Asset

  • Playing with your cashflow to release funds and find extra cash for developing the asset

  • Adjusting payment schedules and contracts with your OEMs to optimise your finances

  • Everything is negotiable: assessing and amending old contracts to improve performance

  • Value maximisation over cost reduction in your operational strategies

  • Managing up: How can you better deal with the banks and external investors?

  • How to use asset stress testing on your wind farm?

  • What strategies can be used to prove the business case for every new investment into your wind farm?

  • How can you de-risk investments for those investors coming from pension funds and more risk averse areas?


PANEL Of Investors' Perspectives: How Can We Better Understand Wind Farms As A Unique Financial Instrument?

  • What are the major concerns in managing large scale portfolios of wind and other renewable assets?

  • How can you grow your portfolio sustainably to avoid over extending your capabilities too quickly

  • Where does the business case lie for wind farm asset management?

  • What are investors looking for in terms of returns and the day to day operation of their assets?

  • How can we increase revenues of an entire portfolio through small tweaks in operational strategy?

Chair: Gordon Johnston, Director Of Asset Management, Allianz Capital Partners

Panel Participants:

Javier Serrano Alonso,  Asset Manager, GreenCoat Capital 

Andrea Perduca, CEO, Renvico Renewable Energy

Natalia Paraskevopoulou, Portfolio Director - Wind Assets, Octopus investments

Sergio Martinez, Energy Specialist, European Investment Bank


Networking Break And Morning Refreshments


CASE STUDY: Creating A Balanced Playing Field With A Technical Manager’s Overview Of Wind Farms For Investors

  • How can you make the most of your CAPEX for the best return on investment?

  • What can be learnt from the financial and technical sides of asset management?

  • Why do institutional investors need to better understand their sites for more informed decision making?

  • Is there a trade off between getting a return on capital employed versus running the asset safely and efficiently?

  • What are the most common mistakes made when a new wind farm owner takes ownership?

Artur Violante, Country Manager, Martifer Renewables S.A.

Optimising The Decision Making Process For Lifetime With Recommended Standards And Certifications


ISO55000: Common Misconceptions

  • A high level overview of the ISO55000 standard
  • Our experience of areas of the standard that are commonly misinterpreted
  • Explanations of what these commonly misinterpreted areas really mean
  • A case study of our experience in the renewal energy sector in managing High Voltage Assets.

Andrew McHarrie , Principal Consultant, EA Technology


Raising The Value Of Your Asset Using Strategic Decision Making For Lifetime: Potential For Life Extension

  • Why you need good data and quality engineers to make informed decisions

  • What are the cost benefits of repairing something now rather than later?

  • How to benchmark your wind farm against the industry and knowing where to invest using industry data initiatives

  • How can the industry be more proactive to potential failures than reactive to the problem as it happens?

  • Putting more emphasis on realising the potential for life extension and considering this during the development/design stage    

  • Considering long term benefits to turn upgrading, retrofitting and repowering into a strategic decision

    • Can repowering early be more beneficial for some sites as opposed to others?

  • What are the benefits of involving the operations team early on in the construction phase for optimal knowledge of the asset?

Andrew Kay, O&M Strategy Innovation Manager, ORE Catapult


Networking Lunch

Lowering Your Risk And Cost Profiles Using Advanced O&M Processes


CASE STUDY: Risk Managing Your Portfolio By Using Advanced Maintenance And Downtime Strategies

  • What maintenance tactics and operational efficiencies can be achieved for less downtime, more uptime and greater production/revenue?

  • How to optimise maintenance strategies to deal with recurring systematic failures more efficiently

    • How to increase weather windows for repairs

    • How to monitor various problems

    • Getting annual service down on a realistic schedule

  • Knowing the cost benefit of carrying out certain repairs now over others

  • Why you need to know the optimal OPEX budget for your windfarm

  • Finding a downtime strategy and the right O&M teams to manage your assets

  • How can you ensure proper management and what to look for from your O&M teams to hit your targets?

Giacomo Barbieri , Production Optimisation, ERG Power Generation  


Technical Practicalities Of Lifetime And Lowering The Cost Of Energy Through OPEX Reduction

  • Why OPEX is more important than ever, especially with greater movement offshore

    • Reducing cost without negatively impacting your operational performance

    • Innovative methods of cost reduction and performance optimisation

  • The importance of having a maintenance strategy in the contract for the lifetime of the asset

  • How to reduce costs throughout the lifetime of the asset and lifetimes of individual components

  • Using proactivity over reactivity to deal with failing components

  • What is the role that machine learning and advanced analytics can play in more efficiently identifying problems areas and dealing with them effectively?

Haridas Menon, Chief Operating Officer, Greenko Group

OEM Relationships, The Changing Market And Industry Experience


PANEL: Improving The Relationship With Your OEM For Better Serviced Contracts, A More Collaborative Approach And Information Sharing

  • How to negotiate new agreements with your OEM and getting out of your OEM contract early to optimise

  • Ensuring you benefit from technological advances with your OEM agreement

  • Being more site specific in contracts for better results and services

  • The need for having a maintenance strategy in the contract for the lifetime of the asset

  • Calculating the cost benefit of handling your own equipment and creating your own contracts

  • What can be learnt from the aerospace, aviation and transportation industries on equipment contracts and relationships with service providers?

  • What is the value proposition that the developers or owners are assuming that they can harvest out of warranty contracts?

  • How to hold on to your service contracts as an OEM

  • What do the customers want over the lifetime of the asset?

  • How OEMs are offering longer and bigger service packages with upgrades whilst optimising the contract for your specific clients

  • What constituteS retrofitting and will it become part of service contracts?

Chair:  Chris Smith,  Generation and Asset Management Director, RES

Panel Participants;

Mark Gilmore, Senior Wind O&M Manager, ENGIE

Lars Holm, Associate Director, Boston Consulting Group

Angus D'Arcy-Drake, Maintenance Development Manager, Innogy


Networking Break And Refreshments


Windfarm Optimisation – Early Lessons for the Industry

  • Summary of outcomes from optimisation assessments of 50 wind farms
  • Performance enhancement measures showing most promise
  • Life extension measures and potential lifetime gains
  • Interactions between performance optimisation and lifetime extension
  • Establishing the optimum approach and ensuring effective delivery
  • Examples of project value gain through optimisation

Alan Mortimer, Director of Innovation, Wood


Speed Networking

Realising the importance of connecting with your peers, we organised a moderated networking session where delegates are prompted to meet others in brief 3/4 minute rounds. The moderator will be keeping track of time and announcing participants when to switch partners.

Make sure you bring lots of business cards along with you!


Chairman's Closing Remarks

Chris Smith,  Generation and Asset Management Director, RES


End Of Day 1

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