APPLY CLIMATE DATA TO MANAGE RESOURCE RISKS
The Australian renewable energy industry operates in one of the most variable climates in the world, with wind and solar resource risks, and the cost of revenue protection, significantly impacting cash flows and returns on investment for renewable energy asset owners.
As the climate system continues to change, and the sophistication of weather risk transfers grows, access to robust climate information has become a key component of risk management and project development decision making.
Our climate services
Forecasting the risks posed by climate variability requires an understanding of global and regional climate prediction models. However, climate data in its raw form is difficult to integrate into decision making due to its coarse resolution, and the systematic errors (biases) contained in raw model outcomes.
RepuTex provides climate information services for renewable energy asset owners and investors across Australia. We bridge the gap between the meteorological & climate science community and the renewable energy industry, helping decision makers to interpret, optimise and apply climate projections in order to manage wind and solar resource risks.
Our focus is medium- to long-term climate variability over a seasonal (1 to 6 months ahead) to decadal timescale, supporting a range of risk management and investor forecasting applications.
Our services include:
- Seasonal to decadal climate forecasts customised to wind and solar asset locations;
- Post-processing and optimisation of raw climate forecasts;
- Optimisation of forecast skill for a specific locations and events;
- Downscaling to adapt coarse-resolution forecasts to a location of interest; and
- Verification studies to identify the best performing climate model for a location or application.
We have worked with a number of wind and solar project developers and investors, providing early warning of seasonal (multi-month) wind and solar resource anomalies to improve risk management decisions; long-term resource outlooks to inform prospecting and project screening; and the analysis of synoptic-scale weather regimes on energy market value spot price dynamics.
Our services are supported by experts in meteorology, mathematics, atmospheric science, and the renewable energy industry, with more than 20 years of experience providing climate information and forecasting services to companies across Australia and Asia.
Click below to request more information about our climate services for the renewable energy industry.