Asset Performance Suite (APSuite)
The SunSpec Asset Performance Suite is a pair of cloud-based web applications, called Open Solar Performance Clearinghouse (oSPARC) and O&M Cost Model, that enable portfolio managers to optimize the financial and operational performance of Distributed Energy Resource (DER) systems.
oSPARC is an actuarial database that collects monthly power production and financial performance data for geographically-dispersed DER fleets. Data collected by oSPARC is used to benchmark DER systems performance, facilitate the process of aggregating financial contracts associated with these systems, and evaluate Key Performance Indicators for the portfolio.
O&M Cost Model is a crowd sourced system that aims to optimize O&M investment by allowing users to design and implement O&M plans based on national best practices that take regional wage rate and climatic conditions into account.
When used together in APSuite, these applications improve solar asset transparency for investors and rating agencies by providing an industry framework for quality management, and reducing transaction costs in the solar asset securitization process.