Wind Asset Forecasting
No two wind farms are the same. Great Britain has highly ambitious wind deployment targets, but there are a multitude of factors to understand when deciding where, when and how to invest in and develop a wind farm.
We help wind asset owners and investors understand the policy and regulatory framework their wind farms will operate in, forecast the key revenues and costs for their specific wind farms and understand its interaction with a wider generation portfolio.
The next decade will see large scale deployment of wind farms across GB to deliver decarbonisation targets. Each project has a unique location which can have a profound impact on the network costs it faces, how much of its power it’s able to sell and its exposure to imbalance risk. This is against a backdrop of regulatory uncertainty, with new rules for Contracts for Difference (CfD) contracts and reforms to network charging.
- Over the last decade, LCP Delta has been heavily involved in the development, implementation and review of the CfD regime, by providing the Low Carbon Contracts Company (LCCC) with the models used to forecast renewable output and the levy rates required to underpin the costs of the policy.
- Our models capture wind asset behaviour in detail, can project their full stack of market revenues and costs, and help users understand the impact of policy and regulatory changes.
- Our detailed locational modelling helps decision makers understand their exposure to imbalance risk and network charging reforms
Wind, particularly offshore wind, has been one of the biggest success stories for the UK’s decarbonisation agenda. As we’ve seen wind penetration grow, new challenges have emerged and investors need to be aware of the changing landscape. Our work in helping design the CfD framework has allowed us to model individual wind farms in significant detail and give clients an appreciation of the range of opportunities and risks they face with deploying wind technologies.”
Speak to one of our consultants to find out how we can help you.
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