Climate Risk Analysis for Renewable Energy Investor
Client:
Confidential Energy Investor
Project Type:
Environmental & Regulatory
Location:
United Kingdom
Key Takeaways
Temperatures Challenging Solar Production
Equipment Failures on the Rise
Changes are Immediate
About the Project
Resilient Analytics assesses climate change risks on UK renewable energy investments
Climate change is having a significant impact on the renewable energy sector. Extreme heat is reducing energy output from solar fields and increasing the chances of equipment failure. Concurrently, changes in the amount of sunlight that is available are changing. Finally, changing wind patterns are impacting assumptions about wind turbine output. This is impacting the financial outlooks of these investments.
Resilient Analytics was the physical risk consultant in this effort with the responsibility to analyze potential changes in temperature and wind events across the UK. Additionally, the team was tasked with translating increases in these events to energy output impacts that would be incurred by the investment company. These were required on a portfolio of sites throughout the UK.
Resilient Analytics analyzed a suite of scenarios to determine how temperature and wind patterns would change throughout the UK. The team worked with the client to develop specific equipment and energy risk thresholds to set levels of impact for each location. The team utilized the client inputs to develop risk and cost profiles for each site with multiple timelines and multiple climate scenarios.
Solutions
At Stanley Consultants, we help clients navigate the complex world of environmental regulations and the challenges of a changing climate through proactive and sustainable environmental engineering solutions. Our team of engineering consultants provides comprehensive support services and innovative solutions to stay compliant and protect the environment. As a leading environmental engineering firm, we're dedicated to guiding your projects toward a sustainable and resilient future.
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