April 16, 2020 — Industry Trends
Corona and its effect on renewables - March 2020
These are trying times. Fortunately, the renewables industry seems to be only marginally affected by the virus and we wanted to check how the availability across assets installed in the Greenbyte portfolio of renewables has fared in March 2020 vs March 2019.
We’ll see what happens going forward, but it could be really challenging times for conventional energy generation depending on availability of fuel transports and maintenance crews and spare parts for repairs of single points of failure such as large burners, turbines and generators.
Fortunately for the renewables industry the fuel, wind and solar, is unaffected by the virus and most failures are likely to be marginal as a turbine or inverter failure waiting for repair or spare parts will only have a marginal impact on the amount of energy that can be produced from a renewable energy power plant.
With this background, we wanted to check how the availability across assets installed in the Greenbyte portfolio of renewables has fared in March 2020 vs March 2019.
The metric we selected to use is Production Based Availability. It measures how much energy could have been produced and how much energy was actually produced. We looked at 20 GWs of wind power distributed around the world.
It turns out that the median production-based availability of 98.8% in March 2020 is exactly the same as in March 2019. There is a slight negative skew in the bottom quartile in 2020 compared to 2019. We’ll check this again in a few months and see if there is any notable change.
Hopefully everything will return to normal soon and this type of analysis will be completely irrelevant.
Gotta go, zoom meeting coming up.