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Cubico signs deal with Clir Renewables for optimisation of over 500 MW wind assets in Latin America

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Investor in global renewable energy infrastructure Cubico Sustainable Investments has signed an agreement with Clir Renewables to optimise more than 500 MW across its Latin American wind power portfolio.
Cubico signs deal with Clir Renewables for optimisation of over 500 MW wind assets in Latin America
Wind farm in Brazil. Courtesy of Carla Wosniak.

The Latin American markets for renewable energy have seen significant growth over the past five years, with several countries pledging 70 percent renewable energy use by 2030. While hydro power currently dominates Uruguay and Brazil’s energy mix, wind and solar projects are being developed to take advantage of strong resources and bolster the grid during periods of low rainfall. However, developers and asset owners in this region face many challenges when assessing the performance of their projects, from grid integration to the enormous scale and variation of data from disparate projects.

Following a 3-month trial period, Cubico has signed a deal for Clir to monitor, optimise, and report on performance for three projects in Brazil and two in Uruguay. Clir will assess performance on a per turbine and project basis, and then benchmark this data across the wider portfolio to support optimal asset operation.

During the trial, Clir proposed a number of actions based on analysis of the data leading to production gains and improved operation protecting asset health.

By using machine learning to analyse multiple data streams, including near real-time and historical SCADA data from the turbine and grid, geospatial, and weather records, Clir is able to pinpoint whether underperformance is due to low resource, environmental interference, or fixable technical errors. This insight can then be used to inform operations, model future revenue, and identify opportunities to negotiate existing terms on debt financing, or insurance, based on forecasts backed up by real project data.

“We are delighted to work with Cubico to provide them with a true understanding of project performance and value based on the data” said Didier Frávega, Director, Latin America, Clir. “Our initial trial provided Cubico’s teams, both on the ground and back in head office, with unparalleled insight into not just the occurrence of underperformance across largescale wind projects - but crucially, its causes. Latin America is a key market for renewables, and by breaking down the data of existing assets, our platform will provide Cubico with comprehensive analysis of their investments in the region, accessible anywhere in the world.”

For additional information:

Cubico

Clir Renewables

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