News

Announcements

REsurety adds hourly price and generation granularity to REmap tool in response to demand

Mar 09, 2021

Texas crisis illustrates how hourly generation during high-priced hours spells the difference between big wins and big losses for clean energy buyers and sellers

7 key trends from renewable energy's 2020 prices and some initial takeaways from Texas 2021

Mar 08, 2021

While detailed analysis of the Texas event crisis is still ongoing, the authors note, they examine some of the notable takeaways and trends in renewable energy markets from last year's performance.

Four key solar market trends from 2020

Feb 12, 2021

Data firm REsurety identifies four trends that illustrate how solar power markets performed in 2020.

An innovative offtake contract makes its solar sector debut

Jan 08, 2021

First used with wind projects, a pgPPA manages weather-related risk by settling a facility’s energy transfer based on a proxy generation index, rather than on actual metered generation. Operational risk shifts from buyer to seller.

The Cleanie Awards® honors REsurety founder Lee Taylor as the cleantech industry’s “Rising Star Under 40” for 2020

Oct 22, 2020

Lee Taylor, REsurety’s founder and CEO, has been named the cleantech industry’s “Rising Star Under 40” by the annual Cleanie Awards. The program recognizes innovation excellence, business leadership, and superior outreach campaigns, said its executive director, Randee Gilmore: “This year’s movers and shakers, who truly inspire others in the broader cleantech community.”

Settle for nothing less: Big data gets smarter on vPPAs

Oct 09, 2020

“We were delighted by the contribution [vPPAs] made to our sustainability goals but were frustrated by the financial volatility of the settlement payments and the limited ability we had to predict or manage that volatility,” wrote Kenneth Davies when he was director of energy portfolio management at Microsoft. Working with insurer Allianz and analytics firm REsurety, Davies came up with solutions including the proxy generation PPA, the volume firming agreement and the settlement guarantee agreement. 

Iron Mountain supes up vPPAs with extra hedges

Oct 07, 2020

Data management company Iron Mountain has layered additional hedge contracts onto virtual power purchase agreements that it signed with two wind farms in 2016 and 2017 as it seeks to mitigate various risks associated with the popular renewable energy contracts. REsurety provided the valuation and risk analytics for the transactions, and will serve as calculation agent for tracking and settlement over the lives of the contracts.

Leading data center provider Iron Mountain teams with Birch Infrastructure and REsurety to derisk renewable energy procurement

Oct 06, 2020

REsurety helps Iron Mountain limit its exposure to variable weather and power markets, to achieve both sustainability and financial goals while investing in offsite renewable energy.

Taaleri SolarWind II fund invests in a 336 MW ready to build wind farm in Texas

Jun 16, 2020

Taaleri Energia announces the use of a 10-year Proxy Revenue Swap for its 336 MW Texas wind farm. REsurety provided risk analytics supporting the transaction, with the substantial majority of the power to be contracted under the PRS.

Scout Clean Energy completes construction of 180-MW Heart of Texas Wind Farm

Jun 02, 2020

Scout Clean Energy reaches commercial operations at Heart of Texas. REsurety provided risk analytics to support a Proxy Generation PPA for the project.

REsurety launches REmap – expanding the clean energy industry’s access to critical value and risk analytics

May 28, 2020

Map-based SaaS tool provides unprecedented transparency and insight into clean energy markets, illustrating today how COVID-19 has impacted renewable projects and driven record-setting low prices

Nephila Climate Adds Proxy Generation PPA To Its Suite Of Hedging Structures For Renewable Energy

Oct 04, 2019

Hedging structure allows Scout Clean Energy to manage risks associated with weather and price variability for its Heart of Texas wind farm.

ENGIE North America Announces Construction of Jumbo Hill Wind Project in Texas

Apr 16, 2019

Engie North America has signed another Proxy Revenue Swap; this time for its 160mw wind project, Jumbo Hill, in Texas.

Nephila Climate Announces First Proxy Revenue Swaps for Wind Project Re-Powering

Feb 28, 2019

Ares Management uses PRS structure to protect long term cash flows from a three-project portfolio in ERCOT totaling approximately 400MW of nameplate capacity.

Quinbrook closes financing on Ranchero Wind Farm in Texas

Jan 17, 2019

Quinbrook announces that they have closed financing on Ranchero Wind Farm in Texas, a 300MW project, via a Proxy Revenue Swap with Allianz Global & Specialty, Inc.'s Alternative Risk Transfer unit ('Allianz'), in partnership with Nephila Climate.  REsurety provided the risk analytics supporting the PRS transaction.

REsurety Surpasses 5 Gigawatts of Renewable Energy Risk Mitigation Contracts

Jan 09, 2019

REsurety-enabled risk mitigation products have become standard operating procedure for clean energy industry leaders.

Enel Starts Construction in U.S. of Its Largest Wind Farm Leveraging New Offtake Strategy

Jan 04, 2019

Italian energy giant Enel utilizes the largest Proxy Revenue Swap signed to date to support construction of its largest wind farm globally.

Microsoft: Buying renewables should be easy

Oct 16, 2018

Microsoft discusses their co-development and adoption of Volume Firming Agreements: a tool that enables PPAs to more effectively serve as protection against energy price fluctuations.

Macquarie Capital executes first Proxy Revenue Swap in Australia

Jun 19, 2018

The Lal Lal wind farm marks the first non-U.S. project to make use of the innovative Proxy Revenue Swap structure for long term revenue risk management. 

Invenergy secures long term revenues for Upstream wind farm with Proxy Revenue Swap

Feb 07, 2018

The transaction between Invenergy and Allianz Risk Transfer marks the fourth Proxy Revenue Swap to close in the U.S.

Bloom Wind recognized as North American Wind Deal of the Year

Mar 16, 2017

Capital Power's Bloom Wind is recognized for its use of the first Proxy Revenue Swap hedging structure to secure long term revenues.

Apex Clean Energy discusses their use of Proxy Revenue Swaps to expand clean energy

Dec 31, 2016

David Clemens, Apex Clean Energy's Director of Finance, discusses how the innovative Proxy Revenue Swap hedging structure has enabled Apex to bring more clean energy to market. 

Microsoft buys power from Bloom Wind Farm

Nov 14, 2016

Microsoft collaborates with Capital Power and Allianz Risk Transfer to buy clean power from Bloom Wind Farm - in connection with the project's existing Proxy Revenue Swap.  

Allianz, Nephila, REsurety & Altenex partner to provide innovative Proxy Revenue Swap

May 05, 2016

The world's first Proxy Revenue Swap is announced - securing long term revenues for Capital Power's Bloom Wind Farm.

Industry Coverage

How to remove risk from corporate renewable power-purchase agreements

Dec 14, 2020

Every day more corporations buy clean energy to power their operations, aiming to reduce their carbon emissions and to control their energy costs. Many find that first goal to be easier than the second. Insurance products called VFAs and SGAs can ensure that corporate buyers know exactly how much their wind and solar energy will cost each year, writes REsurety’s Lee Taylor.

How REsurety is de-risking renewable energy

Dec 10, 2020

“If the wind isn’t blowing, or the sun isn’t shining, during the hour in which electricity is valuable, that has a dramatic impact on the value of either selling or buying renewable energy,” says Lee Taylor, CEO of REsurety, a 2020 Inno on Fire honoree. “We provide the analytics to understand that risk and then secondarily, the financial tools to manage it.”

2020 E+E Leader 100

Dec 08, 2020

The annual Environment+Energy Leader (E+E) 100 recognizes those environment and energy “doers” who break trail in creating new solutions, programs, platforms, best practices and products to help their companies – or other companies – achieve greater success in commercial and industrial environment and energy management. On the 2020 list: Lee Taylor, Founder and CEO, REsurety

Summer 2020 Brought ERCOT Market Challenges, But Nothing Like 2019

Sep 18, 2020

REmap harnesses weather and power market data to show how wind and solar producers were financially impacted in August 2020 in ERCOT.

Coronavirus disruption just the latest example of “new normal” for energy markets

Jul 06, 2020

The only certainty in renewable energy markets is uncertainty. CEO Lee Taylor shares his insights on tools available today to understand and manage risk - tools like REmap, Volume Firming Agreements, and Settlement Guarantee Agreements.

REsurety’s REmap tool explained: An interview with Lee Taylor of REsurety

Jun 15, 2020

How has the COVID-19 economic shutdown affected U.S. energy markets? REmap tells the story in Renewable Energy Magazine's in-depth interview with CEO Lee Taylor.

In Wind and Solar Hot Spots of U.S., Data Shows How Pandemic Tanked Renewables’ Value

Jun 05, 2020

Morning Consult's Lisa Martine Jenkins showcases REmap data and analysis to show how the Coronavirus pandemic has created a "perfect storm" for power markets overall - and has compounded these challenges for renewable energy in high-penetration regions.

Data Tool Shows Pandemic’s Impact on Power Prices

May 28, 2020

REmap reveals low demand for energy during the COVID-19 pandemic, along with low prices for natural gas and strong power generation from renewables, brought unprecedented low prices for electricity in multiple U.S. markets.

Texas heatwave burns wind owners as hedge deals spark punishing losses

Jan 15, 2020

RECHARGE’s Richard Kessler takes a closer look at how P99 Hedges performed during the ERCOT high temperature/low wind event in August 2019, tapping research from REsurety and insights from Lee Taylor.

US firm REsurety tackles vexing weather-driven wind risks

Aug 09, 2019

Wind is cheap and the 'fuel' is free but companies sometimes aren't fully aware of the financial impact for them when the variable resource fails to deliver. REcharge's Richard Kessler and Lee Taylor, CEO and Co-Founder of REsurety, discuss weather-driven risks and the innovative products REsurety offers.

What is a Proxy Generation PPA?

Jul 25, 2019

Learn more about how Proxy Generation PPAs help to reallocate the operational risks of projects between sellers and off-takers.

The Next Generation of Risk Management for Renewable Energy

May 17, 2019

Contributing author, REsurety’s CEO Lee Taylor, breaks down how Proxy Revenue Swaps work, and outlines the benefits of risk mitigation tools.

A Better Way For Corporations To Buy Green Power? The Proxy Revenue Swap

Apr 08, 2019

Forbes covers the risks inherent to buying and selling energy from renewable sources - and the tools available to address those risks.

Risk Mitigation Strategies Increasingly Popular

Jan 17, 2019

Craig Richards of Windpower Monthly and REsurety's CEO, Lee Taylor, discuss the growing popularity in risk mitigation strategies for the renewable energy industry.

The Year of the Corporate PPA

Dec 21, 2018

Greentech Media covers the unprecedented volume of C&I transactions and significant innovations brought to market in 2018 - featuring REsurety's Volume Firming Agreement.

Volume Firming Agreement could expand corporate renewable energy deals to smaller buyers

Nov 20, 2018

Utility Dive covers Microsoft's use of the Volume Firming Agreement to de-risk its PPAs, as well as the VFA's broader potential to support expansion of the C&I buyers market.

Wind Engineering covers Engie's announcement of East Fork Wind Project

Nov 01, 2018

The Proxy Revenue Swap joins a PPA with Brown-Forman to provide the revenue risk certainty needed for ENGIE to begin construction of the 196MW project in Kansas.

Microsoft has figured out a way to reduce risks associated with PPAs

Oct 16, 2018

GreenBiz covers Microsoft's use of Volume Firming Agreements to eliminate the intermittent generation risk of their renewable energy PPAs.

Australian packaging giant buys "baseload green power"

Jun 19, 2018

Packaging firm Orora collaborates with Allianz and Nephila Capital to buy clean energy from Macquarie's Lal Lal wind farm without the challenge of facing the wind project's fuel intermittency risk.

2017 Weather Risk Deal of the Year: Old Settler Wind's Proxy Revenue Swap

Jun 30, 2017

Old Settler Wind Farm's use of the innovative Proxy Revenue Swap hedging structure wins the Weather Risk Deal of the Year award for 2017.

Resources

Locational Marginal Emissions: A Force Multiplier for the Carbon Impact of Clean Energy Programs

May 03, 2021

Purchasing renewable energy is a means to an end: decarbonization. Yet, renewable energy projects are not all equal when it comes to cutting carbon. We’re developing a new carbon impact measurement tool called Locational Marginal Emissions (LMEs) that measures carbon emission reductions at the granular level: the electrical node where energy is injected into the grid.


R​E-Source Report: Risk Mitigation for Corporate Renewable PPAs

Mar 30, 2020

REsurety contributes a chapter on how to manage risk in virtual PPAs through Volume Firming Agreements in this new report by RE-Source, a joint platform of WindEurope, SolarPower Europe, the RE100, and the World Business Council for Sustainable Development.

REsurety and Energy GPS white paper: The "P99 Hedge" That Wasn't - An Updated Analysis

Mar 03, 2020

REsurety and Energy GPS have joined forces again to empirically analyze how wind farms with P99 Hedges would have fared in ERCOT in the record-setting 2018-2019 period. 

Accounting Primer for C&I Renewable Energy Buyers

Oct 18, 2019

For C&I Buyers looking to mitigate risks in their PPAs, CohnReznick provides new accounting guidance on Volume Firming Agreements and Settlement Guarantee Agreements in a whitepaper co-published with REsurety.

Covariance Risk: What it is and How to Manage it

Jun 20, 2019

Norton Rose Fulbright’s June 2019 Project Finance NewsWire features an interview with Lee Taylor, REsurety's CEO on covariance risk and how to manage it. It starts on Page 21.  The article is based on a Feb. 2019 Currents Podcast.

Podcast: Covariance Risk with REsurety

Feb 05, 2019

Get up to speed on the latest risk issues in clean energy development. REsurety CEO Lee Taylor joins Todd Alexander and Rob Eberhardt from Norton Rose Fulbright with a look at the latest developments for weather/fuel related risks for renewables.

RMI Business Renewables Center (BRC) Report: A Corporate Purchaser's Guide to Risk Mitigation

Jan 16, 2019

Our CEO Lee Taylor offered some insight into this new report by The Business Renewables Center (BRC), a program of Rocky Mountain Institute.

Podcast: Mitigating weather risk in existing offtake contracts

Dec 18, 2018

Project sponsors and corporate electricity purchasers are entering into two new types of arrangements to mitigate risk in existing offtake contracts.

Orrick, Microsoft & REsurety Whitepaper: Proxy Generation PPAs

Oct 16, 2018

Orrick, Microsoft and REsurety describe the Proxy Generation PPA: what it is and why it represents a necessary evolution of the corporate clean energy buyer's contract.

REsurety and Energy GPS white paper: The "P99 Hedge" That Wasn't

May 16, 2018

REsurety - in collaboration with the team at Energy GPS - analyzed the performance of "P99 Hedge" contracts in the ERCOT market, demonstrating how their actual financial performance tends to differ dramatically from expectations.

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