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SoliChamba Consulting & Market Research All rights reserved -- SoliChamba Consulting and GTM Research 1 S OLAR PV O&M IN N ORTH A MERICA COMMERCIAL & UTILITY MARKETS OVERVIEW AND POTENTIAL Cedric Brehaut SoliChamba Consulting San Francisco, California www.solichamba.com [email protected] +1 (415) 250-4919

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SoliChamba Consulting & Market Research

All rights reserved -- SoliChamba Consulting and GTM Research 1

SOLAR PV O&M IN NORTH AMERICA

COMMERCIAL & UTILITY MARKETS OVERVIEW AND

POTENTIAL

Cedric Brehaut

SoliChamba Consulting

San Francisco, California

www.solichamba.com

[email protected]

+1 (415) 250-4919

SoliChamba Consulting & Market Research

All rights reserved -- SoliChamba Consulting and GTM Research 2

PV Installations in the U.S. since 2000

Source: GTM Research U.S. Solar Market Insights 2013

SoliChamba Consulting & Market Research

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O&M Services Scope

• Monitoring & Supervision

• Grid Integration/Regulation

• Reporting

• Plant Maintenance (Preventive, Corrective, Predictive)

• Site Maintenance (Cleaning, Vegetation, Security…)

• Ancillary Services (Warranty, Guarantees…)

Source: SoliChamba Consulting & GTM Research

SoliChamba Consulting & Market Research

All rights reserved -- SoliChamba Consulting and GTM Research 4

Who Owns Utility-scale PV Plants?

Developers

Owners

SoliChamba Consulting & Market Research

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Who ‘Owns’ Commercial PV Plants?

Source: SEIA

This list includes PV plant owners as well as off-takers who purchase energy from PV systems owned and operated by PPA

providers. For PPA’s the off-taker usually doesn’t select the O&M vendor. Some firms’ fleet may mix & match different models.

SoliChamba Consulting & Market Research

All rights reserved -- SoliChamba Consulting and GTM Research 6

Who Finances Commercial PV Plants?

SoliChamba Consulting & Market Research

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North American PV O&M Vendor Landscape

Vertically Integrated

EPCs & Developers

IPP’s & Utilities

Independent O&M

Electrical & Inverter

Source: SoliChamba Consulting

SoliChamba Consulting & Market Research

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Source: GTM Research & SoliChamba Consulting

Addressable PV O&M Market by State

1.108

333

97

883

239

1.344

981

333

450

163

1.078

2.745

- 1.000 2.000 3.000 4.000 5.000

Other States

Nevada

Massachusetts

North Carolina

New Jersey

Arizona

California

Cumulative Megawatts Installed (end 2013)

Commercial Utility

SoliChamba Consulting & Market Research

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Addressable U.S. PV O&M Market by Vintage

Source: GTM Research & SoliChamba Consulting Source: GTM Research & SoliChamba Consulting

SoliChamba Consulting & Market Research

All rights reserved -- SoliChamba Consulting and GTM Research 10

O&M Addressable Market: Takeaways

• Concentrated in a few states

• California, Arizona, New Jersey: Commercial and Utility

• North Carolina, Nevada: mostly Utility

• Massachusetts: mostly Commercial

• Few Commercial MW built prior to 2008

• ~500MW past the 5-year mark

• ~200MW with the 5-year due in 2014

• Few Utility MW built prior to 2010-11

• Less than 100MW past 5-year mark or due in 2014

• O&M term may not be 5 years: look for expiring contracts

SoliChamba Consulting & Market Research

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What About Canada?

Source: ClearSky Advisors & SoliChamba Consulting Source: ClearSky Advisors & SoliChamba Consulting

SoliChamba Consulting & Market Research

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And Remember: This is Only the Beginning…

Source: GTM Research

SoliChamba Consulting & Market Research

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For More Information…

• Research Reports by

• Megawatt-Scale PV Plant Operations and Maintenance:

Services, Markets and Competitors 2013-2017 (200+ pages)

• Global PV Monitoring: Technologies, Markets and Leading

Players, 2013-2017 (400+ pages)

• Consulting Services

Cedric Brehaut

SoliChamba Consulting

San Francisco, California

www.solichamba.com

[email protected]

+1 (415) 250-4919

SoliChamba Consulting & Market Research

All rights reserved -- SoliChamba Consulting and GTM Research 14

BACKUP SLIDES

Source: SoliChamba Consulting & GTM Research

SoliChamba Consulting & Market Research

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Definitions

• O&M is a set of activities, most of them technical in nature,

which enable power plants to perform their task of

producing energy in compliance with applicable rules and

regulations.

• O&M can be seen as the subset of Asset Management

that consists in managing a power plant (technically).

• Services offered by O&M firms often spread into Asset

Management (e.g. financial and administrative tasks).

SoliChamba Consulting & Market Research

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Source: GTM Research U.S. Solar Market Insights 2013

PV Installations by State (2013)

SoliChamba Consulting & Market Research

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Megawatt-Scale PV O&M Forecast

North America

should reach

22GW by the

end of 2017

(cumulative).

Global market

should reach

150GW at the

same time.

North America

should account

for 14.5% of

global market.

SoliChamba Consulting & Market Research

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Megawatt-Scale PV O&M Landscape

meteocontrol

Source: SoliChamba Consulting & GTM Research

True South

Renewables