A Summary of Our Experience - REsurety, Inc. · A Summary of Our Experience December 2018....
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A Summary of Our Experience December 2018
Transcript of A Summary of Our Experience - REsurety, Inc. · A Summary of Our Experience December 2018....
A Summary of
Our ExperienceDecember 2018
Predictability is ProfitabilityREsurety’s award winning risk mitigation products have become standard operating procedure for the leading buyers and sellers
of renewable energy.
Full Life Cycle Opportunities
New build, operational and repower projects have seen the value in REsurety’s hedging structures to achieve risk/reward targets.
Widespread Application
Intermittent generation and value-hedging contracts have been utilized across the CAISO, ERCOT, SPP, MISO and PJM markets, with recent international expansion into Australia.
52% Operating
48% Greenfield
5GWof wind and solar
generation protected
136contract-months
settled
7Mmetric tons of
carbon avoided
Corporate Renewable Energy Deals Smash Records in 2018
“We all know renewable energy without storage is a variable
product...What they’ve done is de-risk the performance of these PPAs
with essentially an insurance product against core performance.”
Kevin Haley RMI’s Business Renewables
Center, October 2018
New Microsoft Contract Could Expand Corporate Renewable Energy
Deals to Smaller Buyers
...(VFA) has begun winning the most important kind of recognition in the
marketplace… deal-making.
October 2018
Nephila Helps Microsoft Hedge Renewable Weather Risks in Three
Deals
For energy buyers, what’s important is predictability and low volatility in terms of energy production output,
availability and costs, which this product helps to deliver.
October 2018
PPA Pulse: Microsoft Pushes Back on Risks and Long Contracts with
Novel Offtake Structure
The solution is for PPAs to settle based on an expected amount of generation, calculated by a third
party like REsurety on the basis of weather conditions and an agreed operational efficiency factor rather
than on the actual amount of generation produced.
October 2018
[Microsoft/REsurety] established a blueprint for others to replicate…
opening the door for less experienced corporate buyers to buy clean energy,
using the new products for risk mitigation or damage control on their
existing portfolio.Kyle Harrison
BNEF, October 2018
Microsoft Pioneers New Way to Derisk Renewable Energy
Investments
“...renewable energy providers and their customers can now buy insurance that will protect them if all that lovely renewable energy
doesn’t arrive on time every time. Brilliant, huh?”
Steve Hanley CleanTechnica, October 2018
Proxy Revenu Swap Closes on Apex/Northleaf Texas Wind Farm
According to Apex, the proxy revenue swap will secure long-term predictable revenues and mitigate
the energy generation volume uncertainty related to the weather.
REsurety provides the risk analytics that enable the structuring
and pricing.
July 2018
“REsurerty’s innovative Proxy Revenue Swap hedging structure has enabled Apex to bring Hundreds of MWs of clean energy to the market”
Steve Vavrik Chief Commercial Officer
Apex Clean Energy, July 2018
“REsurety’s Proxy Revenue Swap performs as advertised”
Paul Wendelgass Managing Director, Capital Power
July 2018
“Macquarie Capital executes first Proxy Revenue Swap in Australia”
June 2018
“Invenergy secures long-term revenues for Upstream windfarm
with Proxy Revenue Swap” Feb 2018
This [Apex/Northleaf Texas Wind Farm] transaction validates our thesis behind the proxy revenue swap – that
it enables best -in- class financing options for wind projects through a unique and holistic approach to
managing revenue risks,”Karsten Berlage
Managing Director of ART Inc. July, 2016
ENGIE North America Announces Construction of the East Fork Wind
Project in Kansas
The East Fork project... has entered into a Proxy Revenue Swap with
Allianz
October 2018
Bloom Wind Project - Capital Power, Microsoft, Allianz, Nephila and
REsurety, March 2017
“It’s become clear that other risks and complexities exist within the
PPA structure that may inhibit their effectiveness as risk management
tools...we’re confident that innovations like the VFA will make
it cheaper and easier to procure renewable energy,”
Brian Janous Microsoft, General Manager of Energy
and Sustainability, October 2018
“PPAs are made simpler and more valuable for the customer”
Hannah Hunt October 2018
Microsoft Transfers Risk of Prices that Vary with Wind
Packaging giant [Orora] turns to “baseload green power” in Victoria
Weather Deal 2017: Old Settler Wind
“...hit upon a winning formula for hedging against wind risk…”
“The Proxy Generation PPA is a conscious evolution of the vPPA”
Giji John, Oct 2018
“REsurety’s products represent the future of the renewable energy industry.”
Jim Howell, Former CDO, sPower July 2018
Enel Starts Construction in U.S. of Its Largest Wind Farm Leveraging
New Offtake StrategyPress Release Jan 2019
More Profitable Clean Energy
resurety.com | 617.674.0805 | Boston, MA
