How to achieve Excellence in Asset Management
Huge amounts of energy and money are being lost because the potential of wind farms and solar parks is not fully exploited. WinJi closes this gap and shows how excellence in asset management leads to sustainable growth of renewable energies.
Around the globe, new wind farms and solar plants are being built at a tremendous pace. By 2022, they will generate an estimated $230 billion in revenue. However, the plants often don't operate as efficiently as they could. According to WinJi’s research, an average of 10 percent of revenue is lost because their potential is not fully exploited.
More than simply monitoring
To unleash the true power of renewable energies, asset owners and independent power producers need more than just a tool to monitor the performance of their assets. They need advanced analytics for complete transparency. This allows them to identify trends and manage assets strategically. They also need an organization of experts with data expertise and analytical skills and means to empower them for their future challenges. This organization must be able to turn insights into results. Third, they need an integrated solution that supports daily processes and covers all relevant aspects.
WinJi precisely matches these requirements. The company’s True Power Platform is a networked cockpit for top-down decisions. It creates understanding for performance optimization and integrates into planning and operations.
Increase confidence in your assets
One of WinJi’s customers is Actis, one of the world’s largest investors in renewable energy. Energy & Infrastructure Operations Director Dr. Ralf Nowack makes sure that the company’s assets meet the expectations. «Excellence in asset management means understanding underlying performance drivers, identification of trends and digitally automated improvement plans,» he says. «To win the trust of our investors, we can not stop to be satisfied with the status quo but are driving for continuous improvements.”
WinJi’s solution supports Actis to make an impact. The Platform has been customized with monthly financial data and individual performance improvement plans per asset.
Image source: act.is
Understand the performance drivers
Another global leader in managing private market assets is the Swiss based Partners Group, who seeks to generate strong returns by transforming attractive assets into market leaders. Among them are renewable infrastructures such as wind and solar farms. For Partners Group, two elements are of critical importance when it comes to excellence in asset management: efficiency in organization and process integration.
«Timely reporting is crucial,» the company states. «Data driven information helps us to truly understand where we are and helps in top down decision making to allocate priorities and resources. It allows us to deploy people efficiently and manage third parties for higher overall performance.»
Looking ahead instead of fire fighting
Today, WinJi manages assets on four continents that generate more than $1 billion in revenue annually. Within this portfolio, WinJi has helped to increase performance by an average of 3,3 percent. In the last three years, 500,000 tons of CO2 have been saved. «Excellence in asset management helps our customers improve overall profitability targets in a sustainable way and supports entire economies to achieve their UN sustainability goals of the ESG (Environmental Social Governance) framework», says Bernhard Brodbeck, CEO and Co-founder of WinJI. «It is so obvious and in everybody’s best interest.»
Follow the WinJi blog to learn more about excellence in asset management and what the future challenges are as portfolios scale up.
