The second quarter of 2011 has been good for wind energy producers across the bulk of the U.S. after wind speeds have been reported to be generally elevated above normal across much of the country in a report from 3TIER®, a global leader in renewable energy risk analysis.
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At the recent Weather Risk Management Association’s (WRMA) 13th annual meeting held in Houston, Texas earlier this month participants on a panel about power and natural gas agreed that the energy markets continue to be the primary users of weather hedging and weather risk management tools.
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A really interesting new weather risk hedging product designed to help the wind power industry hedge the financial risk of wind variability has just been announced in a joint statement by renewable energy risk analysis firm 3TIER® and Galileo Weather Risk Management. They’ve collaborated to create a financial instrument that could have a huge impact […]
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