A power-market specialist and a renewable-energy risk analysis company have launched a real-time, interactive wind asset valuation tool. WVAL lets investors value more than 3,400 wind projects around the world at the click of a button, using up-to-date tariff, turbine. and wind resource data in the world.
“WVAL brings transparency to the world of wind-project valuation” said William Young, Chief of Staff at Bloomberg New Energy Finance in London. “Combining BNEF’s financial, economic and market data with 3TIER’s long term wind resource information, we have created a platform that lets users evaluate wind projects quickly, efficiently, consistently and with confidence.”
“For the financial community that does not have access to detailed, long-term production data from wind projects, WVAL represents a leap forward in initial wind project analysis,” said 3TIER VP Michael Grundmeyer. “It permits analysis based on best-of-breed wind and market data, without need for privileged access to the project’s historic production data.”
WVAL brings together datasets essential to the valuation of wind assets such as:
- BNEF’s wind project & wind turbine databases
- 3TIER wind resource data
- BNEF’s Wind Turbine Price Index
- The company’s Low Carbon Policy database, and
- The company’s electricity market price and inflation data
Users access the model two ways: Bloomberg New Energy Finance Wind Insight clients: at http://www.bnef.com/Wval or Bloomberg Professional clients at WVAL<GO>.
For example, the Enel Salbatica I wind farm is located in southwest Romania, near the port city of Tulcea, about 65 km on the Danube from the Black Sea. The 30-MW facility generates power from 15 Gamesa turbines. It belongs to Enel Green Power and started generating electricity in January 2011. To value the project, simply go to http://www.bnef.com/Wval, enter “ENEL” in the instant search filter, and click on Enel Salbatica I Wind Farm.
WVAL uses the latitude and longitude of the project to tap an hourly wind-speed time series data set derived from a comprehensive weather model provided by 3TIER. To view the wind-speed profile for the Enel project, click on the “Wind Profile” tab.
The WVAL model then calculates the expected annual power generation for the location based on the wind data and BNEF’s proprietary database of wind turbines and their performance characteristics. Click on the CAPEX/OPEX button in the Model Inputs to compare the effects of using different turbine, or making different assumptions about turbine price, technical availability and operating life.
Bloomberg New Energy Finance