September 29, 2011
Bloomberg New Energy Finance and 3TIER announce online tool giving investors unparalleled transparency on wind asset valuations
London and Seattle, 29 September, 2011—Bloomberg New Energy Finance, a global clean energy, water, power and carbon market specialist, and 3TIER, a world leader in renewable energy risk analysis, today announced the launch of the world’s first real-time, interactive wind asset valuation tool. WVAL enables investors to value more than 3,400 wind projects around the world at the click of a button, using the most up-to-date tariff, turbine and wind resource data in the world.
"WVAL brings groundbreaking 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 for our clients to evaluate wind projects quickly, efficiently, consistently and with confidence."
"For the majority of the financial community that does not have access to detailed, long-term production data from wind projects, WVAL represents a significant leap forward in initial wind project analysis," said Michael Grundmeyer, 3TIER Vice President of Business Development. "It permits robust scenario analysis based on best-of-breed wind and market data, without the need for privileged access to the project’s historic production data."
WVAL brings together datasets critical to the valuation of wind assets:
- Bloomberg New Energy Finance wind project & wind turbine databases
- 3TIER wind resource data
- Bloomberg New Energy Finance Wind Turbine Price Index
- Bloomberg New Energy Finance's Low Carbon Policy database
- Bloomberg electricity market price and inflation data
There are two ways to access the model by Bloomberg New Energy Finance Wind Insight clients at http://www.bnef.com/Wval or Bloomberg Professional clients at WVAL<GO>.
To give an example, the Enel Salbatica I wind farm is located in southwest Romania, near the port city of Tulcea which is some 65km (40 miles) up the Danube from the Black Sea. The 30-megawatt facility generates power from 15 turbines made by Gamesa Corporacion Tecnologica SA. 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.
To learn more about this offering, please visit http://www.bnef.com/markets/renewable-energy/wind/.
ABOUT BLOOMBERG NEW ENERGY FINANCE
Bloomberg New Energy Finance (BNEF) is the world’s leading independent provider of news, data, research and analysis to decision makers in renewable energy, energy smart technologies, carbon markets, carbon capture and storage, water, power markets and nuclear power. Bloomberg New Energy Finance has staff of 180, based in London, Washington D.C., New York, Tokyo, Beijing, New Delhi, Singapore, Hong Kong, Sydney, Cape Town, São Paulo and Zurich.
Bloomberg New Energy Finance serves leading investors, corporations and governments around the world. Its Insight Services provide deep market analysis on wind, solar, bioenergy, geothermal, carbon capture and storage, smart grid, energy efficiency, water, power markets and nuclear power. The group also offers Insight Services for each of the major emerging carbon markets: European, Global Kyoto, Australia, and the U.S., where it covers the planned regional markets as well as potential federal initiatives and the voluntary carbon market. Bloomberg New Energy Finance’s Industry Intelligence Service provides access to the world’s most reliable and comprehensive database of investors and investments in clean energy and carbon. The News and Briefing Service is the leading global news service focusing on clean energy investment. The group also undertakes applied research on behalf of clients and runs senior level networking events.
New Energy Finance Limited was acquired by Bloomberg L.P. in December 2009, and its services and products are now owned and distributed by Bloomberg Finance L.P., except that Bloomberg L.P. and its subsidiaries (BLP) distribute these products in Argentina, Bermuda, China, India, Japan and Korea. For more information on Bloomberg New Energy Finance: http://www.bnef.com.
3TIER helps the global energy market manage renewable energy risk. A pioneer in wind, solar, and hydro generation risk analysis, 3TIER uses weather science to frame the risk of weather-driven variability – anywhere on earth, across all time horizons. With offices serving North America, Europe, India, Latin America, and the Pacific Rim, 3TIER has global reach with products and services spanning renewable energy project feasibility, energy marketing, and asset management. For more information, visit www.3tier.com.
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