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Business EconomyPosted at: Sep 4 2020 4:35PM


Macquarie selects Prescinto Monitoring & Analytics platform for Clean Energy portfolio

Kolkata, Sep 4 (UNI) Prescinto Technologies, a leading provider of advanced IIoT platform
for the maintenance of solar industry’s assets in 14 countries, today announced that Stride
Climate Investments - a Macquarie Asia Infrastructure Fund Macquarie Asia Infrastructure
Fund managed by Macquarie Infrastructure and Real Assets based in Mumbai in India - has
adopted Prescinto’s monitoring and analytics platform to oversee the technical performance
of its dynamic solar portfolio.
Macquarie, an Australia based global asset company with $600 bn asset under management
and an operational fleet exceeding 408 MW of solar projects in India, will leverage Prescinto’s
platform for actionable intelligence.
The platform is vendor and hardware agnostic and cloud based. It will fetch data from solar
plants, visualize it and give insights to improve performance. Prescinto will serve as a single
source of truth for Solar Energy data across 21 projects for Macquarie.
Rajeev Sharma, Chief Operating Officer at Stride Climate Investment said, "We have
projects with some of the best tariffs in India. We believe in using technology to further
optimize performance of our solar projects. After a thorough exercise of evaluation of
Indian and international players, we selected Prescinto to monitor and analyze data from
our projects."
Speaking on the partnership, Puneet Jaggi, Founder and CEO at Prescinto said, “Our
vision is to unlock the true potential of people and assets through actionable intelligence
using our deep understanding of the Clean Energy domain and technology. Prescinto is
able to fetch data across equipment and databases, sanitize the data and use data
science to suggest insights and actions to improve performance across 5,000 MW of
projects globally. We are excited to be a part of Stride Climate Investment’s digital
transformation journey."
Macquarie - and its managed funds - is one of the world’s largest investors in renewable
energy having invested or arranged more than $A20 billion of investment into renewable
energy projects with 12,800 MW in operation or under management globally.
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, operational and commercial aspects of project operations.
Prescinto has been chosen by Macquarie to support its technical asset management
functions.
Through its user-friendly platform, Prescinto facilitates the early identification of issues
leading to asset downtime and losses, offering Macquarie 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 Macquarie to identify value add and value
protection in their projects.
To ensure seamless integration with Macquarie’s assets under management, Precinto’s
platform will provide comprehensive suite of services including fleet management, real time
monitoring, performance benchmarking and O&M automation.
Macquarie’s fleet can be managed by Prescinto’s monitoring platform wherein KPIs for
the entire portfolio can be generated, allowing complete transparency on asset performance.
Prescinto IIOT platform is designed for vendor independent connectivity & provides
real-time insights for Solar PV plants. In contrast to conventional systems, Prescinto’s
patent pending technology buckets losses into downtime, soiling & systemic loss &
immediately converts each loss into actionable job ticket along with projected gains.
With a present client base from 14 countries & handling a portfolio of 5000+ MW globally,
Prescinto is now expanding into wind and energy storage.
UNI SJC BM
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Tags: #Macquarie selects Prescinto Monitoring & Analytics platform for Clean Energy portfolio
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