Solar Fleets: An Introduction to Solar Fleets for Real Estate Portfolio Owners, Asset Managers and ESG Stakeholders

 In Expert Insights

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If your commercial real estate portfolio has onsite solar energy systems or you are considering solar to meet your ESG goals, you probably have some questions about how to manage and optimize your systems. In this webinar, Andrew Hunt, VP Sales, Commercial & Industrial for Omnidian, was joined by Maya Resnick, Commercial Solar Consultant for Resort Energy Ventures (REV), and Nathan Goddard, Portfolio Operations Manager at Omnidian, to discuss the basics of solar fleet management in commercial real estate.

This panel of experts takes their discussion beyond how fleets of solar assets are developed and built to explain how they are managed and optimized over time. They provide fundamental information for those interested in adding solar to their portfolios and share their insights into the more complex questions like how solar can create a win-win for claiming more Scope 3 emissions and solar’s impact on OpEx and net operating income (NOI).

Maya starts by answering the core question: Why are real estate investors going solar? She discusses the motivations behind solar adoption and what external drivers are at play.

Beyond the “why” of going solar, understanding who is involved can help to demystify the process. Maya explains the roles of each player in the commercial solar industry, as well as the different ownership models.

Nathan breaks down the anatomy of commercial solar systems, the expected lifespan of each component, and what preventive and other maintenance you can expect over the life of your systems. He provides insights into a key question that commercial real estate investors need to ask: How do I get the most out of the life of my solar systems?

Andrew explains what is meant by “solar fleet management” and what you need to know to effectively manage a fleet of solar assets. He discusses the operating expenses of solar fleets and answers the question: can solar have a positive impact on NOI?

The team concludes by providing insights into best practices and the lessons they have learned during their time in the solar industry and give a preview of what new technologies real estate investors can expect to see more of in the coming years.

Whether you currently have a solar fleet or are interested in adding solar to your commercial real estate portfolio, this webinar will provide you with impactful insights from three solar industry experts.

 

Bios

Andrew Hunt

Andrew Hunt is Vice President of Sales at Omnidian where he leads the real estate segment for Omnidian’s commercial solar group. He has a background in finance, engineering, and renewable energy with direct experience as a solar developer on both utility-scale and commercial-scale PV solar projects across the U.S. He began his renewable energy career in 2009, having worked for the California Public Utilities Commission, the electric utility Southern California Edison, and several solar project development firms, including NRG Energy (now Clearway). He has also worked in energy efficiency in both the commercial and residential markets.

Maya Resnick

Maya Resnick is Senior Consultant for Resort Energy Ventures (REV). She began her solar career in 2018 with a Colorado-based EPC contractor working with commercial and industrial clients on solar and battery storage projects. At REV, she works with large hospitality and multi-family real estate clients to plan and execute renewable energy projects.

Nathan Goddard

Nathan Goddard is Senior Portfolio Operations Manager at Omnidian. His solar career started in 2017 in northern California with a regional solar installer. Since the beginning, he has focused on commercial fleet management and holds a number of solar-related certifications for performance modeling, operations and maintenance, system design and installation. At Omnidian, Nathan manages large commercial fleets for large real estate owners and independent power producers.