Track renewable energy
development in near-realtime
Renewable Energy Monitor
Solar energy is the fastest growing source of renewable energy. The IEA forecasts 120-200GW of new solar power capacity to be added in 2022 worldwide while the US expects to approve 25GW of renewable energy projects on public lands by 2025. But relatively few of these projects actually get delivered in time
All around the world, we can’t seem to be building solar capacity rapidly enough to meet fast-growing electricity demand, achieve decarbonization targets or cope with supply constraints affecting gas power generation. But project developers and government agencies often struggle to deliver on their solar capacity expansion plans, many of which are severely delayed. Challenges include the 3,000 plus U.S. projects in queues for grid connection and permitting, significant material supply shortages, and varying levels of community opposition.
Until now, these delays could not be easily monitored, let alone predicted. Companies are not always as quick as they could be in reporting them. Yet their consequences can be highly disruptive for energy supply, electricity markets and demand for incumbent hydrocarbon fuels – not to mention the commercial performance and revenues of the developers.
In the face of these challenges, asset managers and traders can distinguish themselves from their peers with the Kayrros Renewable Energy Monitor. This first-of-its-kind tool tracks solar projects day to day to assess their progress using a combination of cutting-edge technologies. It allows asset managers to track company performance and select best-in-class performers to demonstrate their ESG credentials to regulators and investors. And it provides traders with the most accurate and timely view of the renewable energy supply coming into the market, giving them an edge in forecasting energy prices and power burn to develop better-informed trade and hedging strategies.
Any renewable project can be tracked globally from permitting to operation. Tracking can be scaled to monitor from a specific renewables portfolio to the entire market.
Data are delivered daily or weekly, with a maximum lag of three days – a first in a market where project updates are typically subject to a lag of up to three months.
The combination of optical and radar satellite imagery with geospatial tracking offers an unprecedented level of accuracy