Slide for Two Workmen Walking Through Solar Panels
The plant successfully tracked and fulfilled the U.S. Department of Energy power purchase agreement (“PPA”) requirements, including ongoing activities requirements.
Transformation Realised
Turning an At-Risk Solar Power Plant Around
Transformation Realised
Turning an At-Risk Solar Power Plant Around
Key Contacts
How do you jump-start operations at a struggling power plant?
A $1.1 billion concentrated solar power (“CSP”) plant encountered operations issues that put a long-term U.S. Department of Energy contract at risk and threatened revenues. The client engaged FTI Consulting to assume all management roles, conduct a project status review and turn the plant around.
Our Impact
Identifying, addressing and resolving issues from project cost, scope and schedule, to operations, maintenance and contractor management to meet the Department of Energy contract.
Slide for A large solar power tower surrounded by concentric rows of mirrors in a desert landscape under a partly cloudy sky.
Plant performance increased from 0% to 70%-75% of maximum direct normal irradiance (“DNI”) within six months.
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Employee engagement and feedback drastically increased with all parties working together constructively.
In crisis and transformation,real-world experience delivers.
Our Role
Applying turnaround and operations experience to get a plant back on track
The FTI Consulting team took an active, on-site role in leadership, taking on interim CEO, CFO, and COO roles, establishing clear communications and governance and setting up segregation of duties.
The team set up a project management office and completed punch list items that had been dragging on for more than a year in only three months, bringing the plant online to meet its PPA requirements.
The team developed the process and procedures for the operations and maintenance (“O&M”) phase.
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