Tag: Standardization

Global Standardization Will Be Key to Growth of ESG Strategies

The widespread proliferation of environmental, social and governance investments will require global data standards and regulations to further progress.

According to the Organisation for Economic Co-operation and Development’s latest 2020 business and finance outlook report, Sustainable and Resilient Finance, ESG scoring and reporting has the potential to unlock a significant amount of information on the management and resilience of companies, but it will require agreed global data standards and regulations, Forbes reports.

While over $30 trillion has flowed into sustainable investments in some form of ESG investing, over 25% of publicly listed companies around the world are ESG measured and rated, with most companies in the U.S.

The OECD’s analysis underscores the distribution of performance in ESG ratings by different Providers for the same companies across all sectors.

“The use of ESG analysis is fast becoming one of the main tools for investors to manage all kinds of non-financial risks,

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Standardization Strategies for PV Portfolio Equipment Purchasing Now Includes the Interconnection

CORNELIUS, N.C., Oct. 7, 2020 /PRNewswire/ — Equipment standardization for portfolio-level purchasing is a proven strategy to simplify procurement, establish repeatable construction practices, and promote efficient commissioning. While racking, modules, inverters and transformers are common bulk buys, the MV interconnection components are often excluded.

A collection of components, and the work product of highly specialized labor, the interconnection has historically been seen as a bespoke assembly, not a product.

In early 2020, the North Carolina-based solar developer Pine Gate Renewables took decisive steps to streamline standardization of engineering and procurement across a portfolio of 14 projects in Michigan, which represents a fraction of the 500MW Pine Gate plans to develop in the state.

“Standardizing the interconnection was definitely part of our strategy to be successful in Michigan,” said Matt Massarelli, vice president of EPC operations at Pine Gate Renewables. “We wanted to eliminate as much

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