Power producers and operators
Maximize wind and solar assets' profitability
Maximize wind and solar assets’ profitability
The objective of a power producer is to maximize its return on investment. This requires a daily monitoring of asset’s performance and involves an optimization of all operations. Scheduling maintenance in low production periods, or turning off power plants in case of negative price can make a difference. Anticipating on solar and wind power production is also key to better manage projects’ cash flows and treasury. Finally, as regulation pushes for wind ans solar energy integration in power markets, forecasting difficulty increasingly impacts assets profitability and need to be considered in portfolio development strategies.
Forecasting for green assets portfolio profitability
To face these challenges, asset managers are using meteo*swift’s power forecasts.
They use these forecasts for 3 key purposes.
meteo*swift’s forecasts help them to:
Scheduling maintenance operations at the most ideal times
Financial risk management
Anticipating weekly and monthly turnover
Compliance with legal/contractual obligations
Cooperating with the grid operator / industrial customer by sharing forecasts
Example: forecasting to optimize maintenance
- Forecast: Wind power (kW)
- Horizon: D+8
- Time step: 1h
- Sending frequency: Once a day at 9h30 am
The operator receives an estimation of the behaviour of his asset for the next 8 days. He can select the less productive day to perform the maintenance: October 18th