European fund manager adopts technology agnostic software to provide essential oversight of portfolio performance for its investors
Gothenburg, 11th August – Glennmont Partners (Glennmont), one of Europe’s largest pure renewables fund managers, has adopted Greenbyte’s monitoring platform to oversee the technical performance of its dynamic European wind and solar portfolio. Greenbyte will be fully integrated with Glennmont’s financial and commercial management systems, pulling data from Glennmont’s newest funds with an operational fleet exceeding 1GW to inform decision-making and create transparency with investors.
European renewables have been identified as a ‘safe haven’ for investors amid market volatility, offering stable long-term returns, backed by high standards of commercial and technical performance. As capital continues to be channeled into renewables infrastructure and portfolios scale up, it is important that fund and asset managers continue to invest in technologies and systems that deliver maximum value to an increasingly diverse set of investors.
Glennmont currently operates a complementary portfolio of onshore and offshore wind and solar assets across France, Italy, Finland, and Germany. With further investment planned, the geographical scale and diversity of this asset base will continue to grow, underlining the requirement for a versatile asset management system encompassing the technical, financial and commercial aspects of project operations.
Greenbyte has been chosen by Glennmont to support its technical asset management functions. Through its user-friendly platform, Greenbyte facilitates the early identification of issues leading to asset downtime and losses, offering Glennmont a complete list of identified issues for the company to focus on in the technical management of its portfolio. This ultimately reduces downtime and enables Glennmont to identify value add and value protection projects to undertake within the Funds.
To ensure seamless integration between Glennmont’s management tools, Greenbyte’s platform will also act as a data input for the fund manager’s financial and commercial platforms. Greenbyte’s data will be fed directly into detailed monthly reporting on each individual asset in Glennmont’s portfolio, allowing complete transparency on asset performance with its investors.
Geoff Hoffheinz, Chief Engineer at Glennmont Partners 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. Following an RFP Process, 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.”
Oscar Perez Alonso, Sales Manager at Greenbyte, said: “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. 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.”
About Greenbyte
Headquartered in Gothenburg, Sweden, Greenbyte is a developer and enabler of smart data software to drive productivity in renewables.
Greenbyte has set out to create the most open, versatile and user-friendly asset management platform available to renewable energy stakeholders worldwide.
Greenbyte pulls data from all renewable energy technologies and data sources into one place, empowering portfolio owners, and their asset managers, to make truly informed decisions.
For more information, please visit: https://www.greenbyte.com/
About Glennmont Partners
Glennmont Partners is one of the world’s largest fund managers focusing exclusively on investment in clean energy infrastructure. It raises long-term capital to invest in alternative power generation projects, such as on- and off-shore wind farms, biomass power stations, solar parks and small-scale hydro power plants. Its carefully selected, risk managed investments deliver sustained performance and predictable returns over periods of 10 years or more. Glennmont operates a portfolio of mixed renewable energy generation offering investors a balance of yield and return. Based in London, the team has been working together since 2007, and has established a reputation for making intelligent, long-term investments that deliver absolute returns.
Glennmont Partners is a trading name of Clean Energy Partners LLP and Glennmont Asset Management Limited, both of which are authorised and regulated by the Financial Conduct Authority
For further information, visit www.glennmont.com.
