First Solar once again came out on top as the largest operations and maintenance (O&M) provider globally and in the United States, according to GTM Research’s 2015 report, “Megawatt-Scale PV O&M and Asset Management.” A division of Greentech Media, GTM Research is the leading market analysis and advisory firm on the transformation of the global electricity industry.
The research looked at 76 companies active in the global O&M and Asset Management (AM) markets, focusing largely on the traditional US and European markets where verifiable data was most available. Only plants above 1MW were used for the study.
According to the report, the current global O&M/AM market is at 133GW, with 53 percent in Asia-Pacific, 29 percent in Europe and 15 percent in the Americas. That number is forecasted to nearly triple to 390GW by 2020.
“There is a great amount of growth to be had, especially in the US, China, India and Japan,” said Cedric Brehaut, the report’s author and solar industry consultant with SoliChamba Consulting. “That growth is not just with new construction but also with the mature installed base where O&M might not have been included during the initial planning and construction.”
First Solar has 4.3GW under O&M, an additional 640MW from its 2014 numbers and 1.1GW ahead of its nearest competitor. While First Solar is the overall leading O&M provider, it ranks as the 10th largest operator in Germany, thanks to First Solar subsidiary skytron energy.
“One of the interesting findings of the report is the trend in decoupling and distinguishing the O (operations) and the M (maintenance) as separate value streams,” said Brehaut. “Approximately half of the companies in the report had different megawatts for each function.”
For First Solar O&M, the report reinforces the company’s commitment to minimizing risk and creating maximum value for customers.
“Our customers have entrusted 4.3GW of their assets for us to get the most out of their investments,” said Troy Lauterbach, Vice President of O&M. “With the experience, capabilities and breadth of services we offer, we will continue to grow our O&M business around the world.”
IMAGE: GTM Report.png
IMAGE CREDIT: Chart: SoliChamba Consulting and GTM Research