Renewable energy fund manager Glennmont Partners has adopted a monitoring platform from software outfit Greenbyte to oversee the technical performance of its wind and solar portfolio.
The Greenbyte platform will be fully integrated with Glennmont’s financial and commercial management systems and will inform decision making and create transparency for investors, Glennmont said.
“As we continue to invest in new projects, we needed a software platform that could not only help us optimise the productivity of our portfolio, but also integrate effectively with our wider management systems,” Glennmont Partners chief engineer Geoff Hoffheinz said.
“Greenbyte’s system is being smoothly and rapidly rolled out across our portfolio with a number of assets already integrated, enabling us to maintain – and demonstrate – the highest standards of asset performance,” he added.
Glennmont currently operates a complementary portfolio of onshore and offshore wind and solar assets across France, Italy, Finland, and Germany.
“Demand from fund and asset managers for versatile ‘datahubs’ such as Greenbyte has grown in line with the entry of an increasingly diverse array of investors into the European clean energy market,” said Greenbyte sales manager Oscar Perez Alonso.
“By integrating Greenbyte portfolio-wide, Glennmont will be able to stay on top of technical performance, optimise project returns and provide transparent reporting to their investors.”