kWh Analytics: Solar property continued to underperform P50 estimates

By SB Staff December 8, 2022

Climate insurance coverage and renewable energy threat administration specialists at kWh Analytics launched their 2022 Solar Generation Index report. Utilizing working knowledge offered by business collaborators and their proprietary Heliostats database, the corporate recognized a persistent sample of solar asset underproduction throughout the nation.

This yr’s report finds that solar property broadly continued to carry out properly under expectations, with 2021 operational knowledge exhibiting almost 8% common underproduction on a climate adjusted foundation. Furthermore, the report breaks down venture efficiency by classic and operational yr to focus on the truth that tasks constructed after 2015 have missed P50 estimates by 7- 13% of their first yr of operation, a transparent regression in comparison with manufacturing knowledge from earlier vintages.

“Underperformance affects investors and lenders critical to the success and growth of solar projects,” mentioned Jason Kaminksy, CEO of kWh Analytics. “As an industry, we must collaborate to find ways to course-correct in order to ensure the industry’s long-term financial health.”

For the primary time, the 2022 report additionally evaluates asset efficiency as a perform of venture capability and mount kind, exhibiting that the underperformance development has not been remoted to any particular group of tasks.

“It is imperative that we continue to support the long-term success of the renewable energy sector,” mentioned Jason Kaminksy, CEO of kWh Analytics. “To de-risk investments into zero-carbon assets and encourage resilience throughout the industry, sponsors and lenders should consider accurately priced risk-transfer products, be wary of aggressive production forecasts, and be collaborative with stakeholders to encourage data sharing.”

kWh Analytics generates this index to advertise transparency and dialogue inside the business. The aim is to supply stakeholders with the required knowledge to proceed creating and working solar tasks that make sure the business’s continued development, and in the end work collectively in the direction of a decarbonized future.

Have you checked out our YouTube web page?

We have a ton video interviews and extra content material on our YouTube web page. Recently we debuted Power Forward! — a collaboration with BayWa r.e. to debate larger stage business matters in addition to greatest practices / developments for operating a solar enterprise at this time.

Our longer operating aspect venture is The Pitch — by which we’ve awkward discussions with solar producers and suppliers about their new know-how and concepts in order that you do not have to. We focus on every little thing from residential rail-less deck attaching and home solar financing to large-scale energy storage worth stacking and utility-driven new home solar + storage microgrids.

Tags: kWh Analytics, utility-scale

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