- Shows how both buyers and sellers price 850+
PPAs across ERCOT every day
- Quantifies key components of PPA pricing,
including shape risk and economic curtailment risk
NEW
YORK, July 15, 2024 /PRNewswire/ -- RenewaFi,
the platform to price and source offtake, today announced the
launch of its Price Tracker, an analytics dashboard providing
pricing data for more than 850 ERCOT PPAs. Powered by a neutral
valuation model that is calibrated with more than 1,300 prices from
the RenewaFi Marketplace, the Price Tracker shows how both buyers
and sellers price PPAs across ERCOT every day.
Renewable energy professionals can request a 7-day free trial
here.
Noam Yaffe, Founder and CEO of
RenewaFi, said: "Originators at firms that do not have their own
market-based PPA pricing models are at an extreme disadvantage.
Since they don't know what specific PPA terms are worth, they risk
being taken advantage of by more sophisticated counterparties. We
built the Price Tracker to shed light on PPA pricing and finally
level the playing field for all. Every originator can now quantify
the value of their PPA and compare their prices to the market."
The 850+ PPA permutations included in the Price Tracker cover
solar and wind, contract durations from two to 15 years, and
several start dates across ERCOT's hubs. For each of these
permutations, the Price Tracker quantifies key components of PPA
pricing, including shape risk and economic curtailment risk, every
day.
The data powering the Price Tracker comes from reputable sources
like ERCOT, the EIA, large energy brokers, and the RenewaFi
Marketplace comprised of more than 400 originators representing 150
firms. The Marketplace features over 1,300 bids and offers,
representing dozens of GW of potential PPAs, and is the only
resource that has bid prices from the world's most reputable
offtakers.
"We audited RenewaFi's PPA valuation model and found it to be
sophisticated and thoughtful," said Neat Clark, VP of Power
Strategy at Guidepost Energy. "The Price Tracker is an elegant tool
that distills large amounts of data and rapidly generates an
easy-to-understand, functional, and unbiased view of renewable
energy pricing."
Based on its momentum in ERCOT, RenewaFi plans to expand
the Price Tracker to include BESS and other ISOs beyond ERCOT in
the near future.
"Our vision is to provide originators with the market value of
any PPA or BESS offtake product across the entire United States," said Noam.
About RenewaFi
RenewaFi is a renewable energy platform that helps originators
price and source offtake agreements. The company does this by
combining a neutral price tracker with an anonymous marketplace.
More than 400 originators turn to RenewaFi to discover prices and
find their next counterparty. Learn more at RenewaFi.com.
CONTACT: Jeremy Zelinger,
jeremy@renewafi.com
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SOURCE RenewaFi