“We were delighted by the contribution [vPPAs] made to our sustainability goals but were frustrated by the financial volatility of the settlement payments and the limited ability we had to predict or manage that volatility,” wrote Kenneth Davies when he was director of energy portfolio management at Microsoft. Working with insurer Allianz and analytics firm REsurety, Davies came up with solutions including the proxy generation PPA, the volume firming agreement and the settlement guarantee agreement.
Tag Archives: risktransfer
POWER, FINANCE & RISK: Iron Mountain supes up vPPAs with extra hedges
Data management company Iron Mountain has layered additional hedge contracts onto virtual power purchase agreements that it signed with two wind farms in 2016 and 2017 as it seeks to mitigate various risks associated with the popular renewable energy contracts. REsurety provided the valuation and risk analytics for the transactions, and will serve as calculation agent for tracking and settlement over the lives of the contracts.
PRESS RELEASE: Iron Mountain teams with Birch Infrastructure & REsurety to de-risk clean energy procurement
REsurety helps Iron Mountain limit its exposure to variable weather and power markets, to achieve both sustainability and financial goals while investing in offsite renewable energy.
Summer 2020 Brought ERCOT Market Challenges, But Nothing Like 2019
REmap harnesses weather and power market data to show how wind and solar producers were financially impacted in August 2020 in ERCOT.
PRESS RELEASE: Taaleri SolarWind II fund invests in a 336 MW ready to build wind farm in Texas
Taaleri Energia announces the use of a 10-year Proxy Revenue Swap for its 336 MW Texas wind farm. REsurety provided risk analytics supporting the transaction, with the substantial majority of the power to be contracted under the PRS.
PRESS RELEASE: Scout Clean Energy completes construction of 180-MW Heart of Texas Wind Farm
Scout Clean Energy reaches commercial operations at Heart of Texas. REsurety provided risk analytics to support a Proxy Generation PPA for the project.
PRESS RELEASE: REsurety launches REmap, expanding the industry’s access to critical value & risk analytics
Map-based SaaS tool provides unprecedented transparency and insight into clean energy markets, illustrating today how COVID-19 has impacted renewable projects and driven record-setting low prices.
PRESS RELEASE: Nephila Climate Adds Proxy Generation PPA To Its Suite Of Hedging Structures For Renewable Energy
Hedging structure allows Scout Clean Energy to manage risks associated with weather and price variability for its Heart of Texas wind farm.
Covariance risk: What it is and how to manage it
Norton Rose Fulbright’s June 2019 Project Finance NewsWire features an interview with Lee Taylor, REsurety’s CEO on covariance risk and how to manage it. It starts on Page 21. The article is based on a Feb. 2019 Currents Podcast.
The Next Generation Of Risk Management For Renewable Energy
Contributing author, REsurety’s CEO Lee Taylor, breaks down how Proxy Revenue Swaps work, and outlines the benefits of risk mitigation tools.