Clir Renewables releases new product to improve renewable technology selection
Clir Renewables, the market intelligence platform for wind and solar, has announced the launch of Clir Insight for Asset Development, a new product that leverages 200 GW of data to improve technology selection and operation, and ensure mitigation of risk.
In an increasingly competitive market, developers are faced with a dynamic risk profile, considerable practical challenges, and uncertainty for successful execution of renewables projects. Leveraging over 200 GW of industry operations and risk data, Clir’s new offering supports developers throughout asset development to evidence major technology selection and contracting decisions, improve accuracy of energy yield loss assumptions and guide future operations and maintenance strategies.
Clir Insight for Asset Development navigates equipment selection and contracting by identifying technical manufacturer issues, timelines for operational maturity, relative attritional loss risk by technology type, controllable availability by manufacturer and expected loss factors given site conditions.
Site loss factors and production vary by region and manufacturer, impacting energy yield loss assumptions. By employing new technologies with access to environmental and extreme weather data, grid and technology availability, degradation metrics, trends in equipment failure rates and repair intervals, and sub-optimal performance, developers can gain invaluable access to bespoke, accurate and extensive market intelligence to ensure greater certainty in their financial and operational decision-making.
By leveraging data for accurate assumptions, renewables developers are able to create a more transparent and reliable project trajectory. This can support them in the process of securing the necessary initial funds for project construction, while ensuring positive returns on investment in the operational phase.
“Clir Insight for Asset Development builds upon our existing product line, creating unparalleled insights for pre-construction and early operational projects,” said Craig McCall, chief revenue officer at Clir Renewables. “By arming developers with over 200 GW of industry data, we provide direct comparisons between existing technologies and strategies, giving clients the precise guidance they need to confidently design, build and operate their assets. This enables improved decision-making to maximize project returns.”
News item from Clir Renewables