Solar Power World: REsurety launches REmap weather and power market data tool for renewables

A new information services product that harnesses a massive project performance dataset and suite of financial analytics that industry leaders use to make long-term asset and contract decisions for wind and solar energy has revealed that the low energy demand during the coronavirus shutdown, combined with low natural gas prices and high renewable generation, has resulted in unprecedented low power prices in multiple U.S. markets.

REsurety, provider of clean energy valuation and risk analytics, said the insights available from its Renewable Energy Market Analytics Platform (REmap) include that the production-weighted wholesale price of electricity for wind projects fell to all-time lows during the COVID-19 pandemic across markets including SPP, PJM and MISO — with extreme lows reaching below $2 per MWh for the entire month of April in high wind penetration regions such as Oklahoma.