Actis has selected WinJi’s software platform to maximize asset performance and support value creation for renewable energy projects in its Actis Long Life Infrastructure Fund (ALLIF).
WinJi, a leading in artificial intelligence (AI) company for renewable energy asset management, will support Actis, a leading energy asset investor in growth markets, to implement their True Power platform.
WinJi was chosen following a competitive selection process and is expected to support maximising the overall performance across Actis’ rapidly growing portfolio of renewable energy assets in its long life fund.
WinJi will provide its performance and software platform solution for existing and new assets for the ALLIF, which is investing $1.2 billion in operating energy infrastructure projects across Latin America, Africa, and Asia. The True Power platform will be initially integrated into 800 MW of existing renewable assets located in Brazil, Chile and India.
WinJi’s asset management platform identifies performance anomalies, quantifies loss drivers and calculates suggestions to improve production efficiency. Key Performance Indicators help to improve asset management effectiveness, while historic benchmarks support top down decision making.
“WinJi’s expertise in AI based performance analytics, their in-depth industry knowledge together with the ability to provide value-adding insights, were the main criteria to sign this agreement,” said Dr. Ralf Nowack, Energy & Infrastructure Operations Director at Actis.
Bernhard Brodbeck, CEO and founder of WinJi, said: “We will ensure best-in-class asset management practice across their growing portfolio to maximize asset value.”