Power & Renewables

The global power and renewables industry is experiencing a major shift towards renewable energy sources in order to achieve Net Zero Emissions by 2050. As per the International Energy Agency (IEA), renewable electricity generation needs to increase from almost 29% in 2021 to more than 60% by 2030 to meet the net-zero target. To achieve this, annual renewable energy generation must increase at an average rate of over 12% during 2022-2030, which is twice the average of 2019-2021. This shift towards renewable energy is driven by the need to mitigate climate change, reduce greenhouse gas emissions, and transition towards a sustainable energy future.

Australia is also taking significant steps towards transitioning to renewable energy sources. With the country's abundant renewable energy sources and ambitious targets, Australia is well-positioned to lead the transition towards a sustainable energy future.

Asset Management Services for Power and Renewables Sector in Australia

Asset Conformity Testing Services is a leading asset management company in Australia that provides a range of services to the power and renewables industry. Our services include NDT, boiler, pressure vessel, storage tank, and pressure piping inspections, crane, hoist and lifting equipment inspection services, structural inspection services, planned and preventive maintenance, and registered plant services. We are committed to ensuring the safe and reliable operation of your assets while minimizing downtime and reducing maintenance costs.

Power and Renewables Asset Management Services in Australia:

More than 35% of Australia’s electricity last year (2022) was supplied by wind and solar, up from just under 17% in 2017
The Australian government has set a target of 50% renewable energy generation by 2030, driving significant investment in the sector.
Asset valuation is a critical requirement for the power and renewables industry in Australia, with accurate valuation essential for securing financing and insurance.

Why Asset Management Services are Important for the Power and Renewables Industry:

Ensure regulatory compliance and reduce safety risks
Extend asset life and improve performance
Minimize unplanned downtime and reduce maintenance costs
Improve efficiency and productivity
Optimize asset utilization and reduce capital expenditure

The power and renewables industry is highly regulated, with safety and environmental risks a key concern. Asset integrity management services, including NDT, inspections, and maintenance services, are essential for ensuring the safe and reliable operation of assets, minimizing downtime, and reducing maintenance costs. With the rapid growth of the renewable energy sector in Australia, ensuring the integrity of assets has become more important than ever.

Asset Conformity Testing Services is committed to providing high-quality asset management services to the power and renewables industry in Australia. With our comprehensive range of services and expertise in the sector, we are well-equipped to help our clients optimize their assets, reduce costs, and ensure the safe and reliable operation of their assets. Contact us today to learn more about our services and how we can help you achieve your goals.

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