Swiss infrastructure fund IST3 Infrastrucktur Global has contracted Greenbyte to monitor and optimise the operations of its renewable assets in Europe with an installed capacity of 23MW.
IST3 IG owns and operates five wind parks and one solar park in Germany and France.
The agreement grants IST3 IG access to Greenbyte’s monitoring platform, alongside wind and solar forecasting data that will enable the fund to better understand the impact of resource fluctuations on portfolio performance and revenues.
Integration of the system begins in July this year.
IST3 IG sought a “reliable and future-proof method” of monitoring the overall performance of its diversified portfolio.
Greenbyte will provide full end-to-end oversight of performance optimisation efforts by defining the gap between potential and actual production.
Wind and solar resource forecasting tools, including high-resolution satellite irradiance data from Solargis, will be integrated into Greenbyte via the Marketplace app store, giving IST3 IG the capability to better understand past performance and predict future revenues.
Stefan Weissenbock, head of asset and portfolio management at IST3 IG, said: “As a fund acting in a maturing market, we need to play an increasingly active role in the operational monitoring of our direct renewable energy portfolio.
“Greenbyte’s platform, which enables integration of all of the essential data streams and tools we need, provides a future-proof system that will help us to optimise our existing portfolio and allows for further growth in one of the key pillars of our strategy: renewable energy.”