November 17, 2021 — Press Releases
W3 Energy scales cold climate wind portfolio to >1.6GW
Independent asset manager expands Greenbyte partnership to monitor and manage specialized cold climate operations for international investors.
Lisa Åsehäll Syversen
Umeå, November 17th– W3 Energy, an independent Swedish asset manager, is now using the Greenbyte performance optimization solution to optimize 1.6GW of specialized cold climate wind power for international investors.
The growing portfolio includes two of the world’s largest onshore wind projects - CGN’s 650MW Markbygden ETT and Luxcara’s 1,400MW Markbydgen Önusberget – as well as a number of smaller projects, including Fu-Gen’s largest operational cold climate wind farm, the 42MW Fjällboheden project.
With a 13-year track record in mastering the unique challenges presented to wind operations by cold climates, as well as proprietary digital tools to manage de-icing systems, W3 Energy offers international investors an opportunity to mitigate the risk of annual cold climate production losses of up to 12%.
Central to this optimization is Greenbyte, one of the renewable energy software solutions from Power Factors. Greenbyte collects data from across the scaling fleet to drive performance improvements and cost savings, while also enabling the application of specialized cold climate digital tools by the W3 team.
Pär Dunder, W3’s CEO, comments:
“In the early years we built an in-house model to house our data and manage our projects. We also developed the ice detection tools and manual systems that have proved essential to the full optimization of projects in cold climates.
“But as we grew, it became clear that we needed a proven and adaptable solution with deep customer service and access to all the latest thinking and solutions on the market. The Greenbyte partnership began in 2019, works openly with W3’s in-house experts, and continues to scale with us today.
“Currently, we look after around 18% of Sweden’s burgeoning wind capacity, offering the full scope of active technical and financial asset management services. We aim to sustain this level of market share while transferring specialist knowledge to new markets as they open up, not least Finland. There’s also a huge and necessary repowering opportunity starting to come into view for earlier cold climate projects”.
Magnus Henriksson, Power Factors’ Chief Customer Officer, said:
“W3’s deep experience of driving project efficiencies in cold climates is helping more and more international investors to expand wind power across the Nordics and harness some exceptional natural resource.
“With that operational portfolio now topping 1.6GW, with much more to come, we are proud of the role that our software services play in getting more renewable power on to the system worldwide, however challenging the conditions!”
About W3 Energy
W3 Energy is an independent technical and commercial operations manager responsible for the operation, maintenance, and optimization of wind farms. The company has offices in Piteå, Skellefteå and Umeå.
With a contracted portfolio of 1,830MW, W3 Energy manages approximately 18% of the renewable energy produced in Sweden. This equals the annual consumption of about 1,000,000 Swedish households.
The company’s largest assignment is in Markbygden, outside Piteå in northern Sweden, which is Europe’s largest land-based wind farm. Here, W3 Energy manages the subprojects Markbygden ETT and Önusberget wind farms, as well as the facilities of the company MB Net, which is responsible for the electricity supply to the national grid.