Project Management

Sunrock Investments meets the entire range of customer needs in solar Project Management. Through our unique combined financial, technical and operational approach we reduce operational cost, mitigate downtime and maximise project yield.

43 projects

Under management

60 years

Combined solar and finance experience

120 GWh

Solar power produced

Management services:

Contract & Relation Management

Contract & Relation Management

Liaising at all times with the relevant counterparties to ensure the project company complies with its obligations under the signed agreements.

Surface Right Agreement
Sunrock Investments renders management services and, where possible, optimization services regarding surface right contracts with land and/or rooftop owners.

Leasing / Loan Agreement
Sunrock Investments actively manages the relationship with banks, lease companies or any other provider of debt.

Insurance
We coordinate with the relevant insurance broker to ensure all insurances are in place and maintained and yearly updated.

O&M Agreement
Sunrock Investments conducts regular liaison calls with the (“O&M”) contractor at senior management level to review remote performance, staffing levels, response times and resolving any issues not being effectively dealt with on the Sites.

EPC Agreement
Monitoring EPC contractor: conduct tests (Availability & PR) for Provisional Acceptance + First year Evaluation + Final Acceptance, monitoring of execution of the Punch List Works, and check representations and warranties by the Contractor.

PPA management
PPA management includes liaison with PPA counterparties (Utilities & local users), providing pricing information, negotiation with Utilities, advisory on pricing and terms for optimal PPA contract updates and closing.

Reporting Services

Reporting Services

Sunrock Investments provides financial statements including P&L, balance sheet, and cash flow statement overviews. We summarize company’s course of business (financial/operational/technical).

Investor reporting
Sunrock Investmenst creates monthly/quarterly reports that reflect:
– overall performance of the solar park (Performance output / PR / Availability)
– overall performance of the investment (Financial reporting and actual vs. budget analyses)
– operational / technical status of the solar park

Quarterly reporting
Actual profit and loss account, balance sheet and cash flow;
– overall performance of the solar park (Performance output / PR / Availability)
– overall performance of the investment (Financial reporting and actual vs. budget analyses)

Yearly reporting
actual profit and loss account, balance sheet and cash flow;
– overall performance of the solar park (Performance output / PR / Availability);
– overall performance of the investment (Financial reporting and actual vs. budget analyses, bank covenants (eg. DSCR, DSRA));
– operational / technical status of the solar park;
– brief summary on O&M Contractor’s reports on analysis and investigation of plant failures/shortcomings;
– proposals/plans for plant modifications or upgrades;
– investigation reports for accidents or dangerous occurrences;

Operating plan
On an annual basis, prior to the start of the financial year, the Manager shall prepare an operating plan for approval by the Project Company. The plan shall consider the next financial year in detail (monthly breakdown) and consider the following four years in outline (annual breakdown).

Financial Reporting
Sunrock Investments provides quarterly financial statements including balance sheet, P&L and cash flow statement overviews. We report on Project Company’s course of business (financial/operational/technical).

Financial management

Financial management

We offer tailor made financial management services to cover all requirements set out in the project company agreements while providing optimal transparent investors’ reporting.

Accounting

Accounting
Financial accounting of Holding company / SPV. Compliance with country-specific accounting regulations for consolidated cross-border balance sheet integration.

Billing & payment of invoices
Third party billing (eg. FiT/Green Certificate revenues; DSO billing, PPA: Utility and local usage, rooftop / land lease) and payment of invoices.

Impairment Test
We perform yearly impairment tests to analyse and manage possible deviations from budgeted balance sheet values.

Auditor Management
Preparation of audit reports (if required).

Controlling

Financial Management
Building up required cash reserves (eg. Inverter reserve account, Debt Service Reserve Account).

Operational services

Operational services

Supervision, co-ordination and management of all warranty, operation and maintenance management services in order to maximize investors revenues.

Contractor Management & Contractor Monitoring
Supervision, co-ordination and management of (sub)contractors and/or employees providing operation, maintenance, warranty and operation and maintenance management services in order to maximize investors revenues.

Health & Safety Management
If required, Sunrock Investments checks the Solar Plant(s) in order to comply with the safety and health regulations in force.

Decommissioning plan preparation
If applicable Sunrock Investments arranges the timely preparation for decommissioning of the solar project(s) after its useful life, in close consultation with the client.

Grid management
Monitoring O&M Contractor in Grid connection and substations maintenance. Any damage to lines is repaired as quickly as possible to ensure that the parks can be re-connected to the network.

Performance optimization

Performance optimization

We monitor operation & maintenance obligations and use benchmarks to compare current economic performance with the project budget so annual performance loss is minimized.

Performance Monitoring
We monitor O&M contractors’ Metering & Monitoring obligations to ensure the O&M contract obligations are carried out as agreed.

Performance analysis
Sunrock Investments analyzes budgeted & actual revenues as well as cost which is a key control tool in optimizing project performance monitoring. We use benchmarks to compare current economic performance with the project budget to optimize O&M contractor monitoring and detect negative developments as soon as possible in order for annual performance loss to be minimized.

Management portfolio

If you are interested in us helping you manage your projects, contact us today.