A power-market analysis service will use state-of-the-art simulation software to model RE development projects and evaluate short and long-term risks associated with external power-market influences. These risks include assessing the impacts of energy curtailment, policy changes, and infrastructure development and quantifying the financial ramifications that they have for a specific site or project. The services support investors and developers of renewable-energy projects in North America at all stages of their lifecycle. The power-market-analysis services complement GL Garrad Hassan’s existing independent engineering portfolio which has helped to deliver 45% of all US and 39% of all Canadian wind farms.
As wind power matures and the number of projects connected to the grid rises, an increasing number of geographical areas have projects with curtailment issues. Accounting for the risk related to reduced opportunity for energy delivery, and the corresponding revenue loss, it is now essential to determine the value of a proposed site for project development. Such a task becomes a key element of any due diligence associated with a project.
After developing a project, the opportunity to expand it and its long-term financial viability can be impacted by factors such as future grid limitations, decisions affecting the design of future energy markets, and changing government policy in relation to renewable energy as part of the broader energy mix.
GL Garrad Hassan
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