Macquarie selects Prescinto’s IIOT platform to oversee Indian solar assets

The Australia-based global investor-which has over 408 MW of operational solar fleet in India-will use the cloud-based, hardware-agnostic platform to gain insights in real-time and improve its 21 solar projects’ performance.

SEPTEMBER 4, 2020 UMA GUPTA

Gujarat-based Prescinto Technologies has announced that Stride Climate Investments, a Macquarie Asia Infrastructure Fund company, has adopted Prescinto’s advanced monitoring and analytics platform to oversee the technical performance of its dynamic solar portfolio in India.

Prescinto Technologies provides its industrial Internet of Things (IIoT) platform for solar assets in 14 countries, handling a portfolio of 5000+ MW globally.

Macquarie, an Australia based global investor with $A600 billion asset under management, will leverage the platform for its operational solar fleet exceeding 408 MW in India.

Prescinto’s cloud-based platform will fetch data across 21 solar projects for Macquarie, visualize it, and give insights to improve performance.

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 the performance of our solar projects. After a thorough exercise of Indian and international players” evaluation, 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 can fetch data across equipment and databases, sanitize it, and use data science to suggest insights and actions improve performance across 5,000 MW projects globally.”

Prescinto IIOT platform is designed for vendor-independent connectivity and provides real-time insights for solar PV plants. In contrast to conventional systems, Prescinto’s patent-pending technology buckets losses into downtime, soiling, and systemic loss and immediately converts each loss into an actionable job ticket and projected gains.

With a current client base from 14 countries & handling a 5000+ MW portfolio globally, Prescinto is now expanding into wind and energy storage.

Macquarie-and its managed funds-is one of the world’s largest investors in renewable energy, having invested or arranged more than $20 billion of investment into renewable energy projects with 12,800 MW in operation or under management globally.

Prescinto IIOT platform provides real-time insights for solar PV plants.

Image: fabersam/Pixabay.

PV Magazine.