Despite their widespread use in the renewable energy industry, using an 8760 to project financial performance can lead to significant errors in revenue models. In particular, revenue models that pair an 8760 with historical prices miss the impact of hourly renewable energy generation on hourly power prices. Because wind and solar plants are relatively inexpensive sources of generation, there tends to be a negative correlation between generation and power price in markets with high renewable penetration.
Not quite sure what all that means?
Well, we’ve gotcha covered on today’s Tactical Tuesday.
Join Nico as he learns more about a recent study completed by Dr Jennifer Newman, VP of Atmospheric Science research at REsurety that aims to equip you to better understand yield and performance metrics of renewable energy plants.