Full Foresight portfolio obtains digitalisation boost in brand-new Sennen collaboration

Jun 22, 2021 12:07 PM ET
  • The Foresight Team's complete portfolio of lasting framework, including its UK solar assets, is being digitalised in a new agreement with Sennen.
Full Foresight portfolio obtains digitalisation boost in brand-new Sennen collaboration
Image: Foresight

This process began twelve months earlier with the digitalisation of Foresight's lasting power properties, with Sennen's technology allowing Foresight to evaluate efficiency as well as report on it promptly and quickly by bringing data on all the company's different projects both in the UK as well as worldwide into one area.

Along with handling project data, the system also aids to take care of day-to-day procedures. Sennen referred to Foresight's supply chain, mentioning its technology can be made use of by all professionals, decreasing the quantity of data exchange as well as keeping properties running securely as well as effectively.

Foresight is additionally making use of Sennen's procurement module, which allows asset managers to link information on brand-new acquisitions to ensure that it flows straight right into the larger possession administration system.

The collaboration in between Foresight and also Sennen is currently being broadened to digitalise Foresight's other properties, consisting of forestry properties, social projects and lasting transportation facilities, with its complete portfolio worth around ₤ 6.1 billion.

Sennen is continuing to adjust and create the system for Foresight, with new functions such as work scheduling as well as threat monitoring currently in growth.

Currently, Foresight is going after a 700MW pipe with Island Environment-friendly Power as well as a 200MW pipeline with Elgin Power, having actually made its very first UK battery storage purchase together with JLEN previously this year.

It released its newest collection of monetary results in May, revealing that in Q1 2021 its net property worth fell to ₤ 558.7 million from ₤ 582.20 million in Q4 2020 mostly due to medium and also long-term power rate projections remaining modified down as a result of the COVID-19 pandemic.

Ricardo Piñeiro, partner at Foresight, claimed: "Delivering durable modern technology that automates possession management and reporting is absolutely basic to attaining our ambitious objectives to accomplish rapid yet lasting development."