XBRL Extension for Construction, Energy and Transportation
QUALITY that can be measured
PERFORMANCE that can be monitored
ENSURES better access to financial products and capital with favorable terms..
PV POWER PLANTS: QUALITY ENSURES PERFORMANCE
Tuesday, July 14, 2015
11:15am - 1:00pm
InterContinental Hotel San Francisco
888 Howard Street
San Francisco, CA 94103
Room: Level 3, Grand Ballroom C
Extracted from SGIP response to DOE Solar Bankability FOA
There are a number of datasets that relate to solar activity, each with their own purpose, value and constituency. However the maximum potential benefit from SB-Data comes from datasets that are not siloed to a specific industry, process, procedure or niche. The best datasets are based on open standards and interoperability, cross industry segments, have broad usage and adoption from multiple stakeholders, and can synergize with specific industry datasets for the nuance data that combines to provide both depth and interoperability.
Solar data interoperability will reduce non hardware costs, improve informatics along with data analytics, and can be cost effectively achieved by adopting the XBRL open data standard, expanding the XBRL taxonomy to include more energy-related data fields, and synergized with other standards to enable system developers to exploit the capabilities of interoperability within current systems and as a foundation for innovative new applications. The resulting efficiency will impact all stakeholders and directly affect Customer Acquisition, Financing and Contracting (Construction), Permitting, Interconnection, Inspection, Installation and Performance and Operations and Maintenance.
Dixon will speak about the impact of data Interoperability on Performance Assurance, the resulting financial products and services for building the Smart Grid, and how the DOE Solar Bankability Data to Advance Transactions and Access FOA (SB-DATA) will drive the transformative shift to data interoperability for the benefit of all stakeholders.
So that Quality and Performance count..
Abstract of Presentation
Quality Ensures Performance, but what is more transformative is that QUALITY that can be measured, and PERFORMANCE that can be monitored leads to better risk management, which will ENSURE better access to capital with favorable terms.
While Quality does Ensure Performance, unless that Performance is translated into useful data the positive impact it could missed, which is behind the DOE Solar Bankability FOA - to explore the reduction of soft costs and to increase of actionable data to make solar projects more bankable.