The Renewable Asset Managers in the Energy Transition

The falling costs of renewables, the electricity’s penetration in many developing countries and the necessity to prevent the global warming, has led many non-industrial investors to perceive in renewables assets an attractive form of investment. With the escalation of investment portfolios worldwide and the lack of investors’ technical expertise, the market has placed ever higher expectations on Asset Managers in performing not only technical services but also commercial and financial asset management services. Thus, becoming expert in optimizing a portfolio of assets or managing a corporate rather than a single asset. In this framework, Enel Green Power is implementing a new business model through which important services, products or know-how are offered through platforms that mobilize third-party investments in renewable assets. Among others, the company also offers its partners Asset Management services for the Operation and Maintenance of renewable plants. Thus, during my traineeship period, I had the change to carry out a market analysis in relation to the renewable asset management companies and, through a quantitative and qualitative analysis, support the company in analyze how the renewable asset management market is evolving specifically to solar and wind technologies and in emerging countries such as Africa, India and Southeast Asian countries in order to provide an internal assessment whether to internalize or externalize the asset management services for the new wide upcoming capacity. Starting from a scanning of more than 37 asset management providers, a restricted selection was made in order to finally identify 8 main asset management companies and carry out dedicated interviews. Through the identification of specific KPIs and the comparison of costs the work delivered valuable contribution to the company in making strategic future decisions.