GCube, an underwriter for renewable energy initiatives, has launched a new Weather Risk Transfer device for the wind and hydroelectric energy sectors, providing project owners and stakeholders with a means to mitigate the financial impact of resource volatility. While intermittency is a given for the renewables sector, as the proportion of clean energy generation in…
Avoiding surprises at the investment table: Making risk-based wind development decisions
Matthew Hendrickson / Global Manager of Energy Assessment / Vaisala / www.vaisala.com A wind resource assessment program should stand as one of the most crucial undertakings of the pre-construction phase of any new wind energy project, yet far too often it remains an afterthought. The projection of energy generation is one of the most sensitive value…
Risk assessment critical in reducing project cost
In order to secure better financing terms for offshore renewable energy projects, it is crucial to understand and mitigate technical risks in the supply chain, according to the Energy and Water consultancy services division of Intertek, a provider of third party advice. As offshore wind projects proliferate internationally, developers are finding themselves saddled with higher…
Wind project performance assessment: How to better understand the risk
North America’s wind power industry has developed an unfortunate reputation for producing energy at levels less than those predicted by pre-construction energy assessments. While not all projects underperform, many do. Ongoing research suggests the five factors covered in this article are major contributors to over prediction in energy assessments. This article provides questions that project…