As European Independent Power Producers (IPPs) and developers expand into new markets, they face challenges in managing their portfolios across different regions, subsidy schemes and regulations. In the post-subsidy market, there is also a need to cope with the pressure of lower energy prices, higher costs, and inflation that erode project margins, as well as increased competition in acquiring projects and securing funding. To overcome these challenges, European IPPs and developers need to manage their risk more effectively and value their projects accurately, as well as differentiate themselves to win investors and provide certainty to their lenders.
Eurowind Energy is one such company embracing the opportunity to unlock its growth potential in the post-subsidy renewables market through the adoption of advanced portfolio management technology. Eurowind Energy develops and operates wind assets across 11 different countries, with an ambitious vision to triple its portfolio size to 8 GW in the next three years and expand its presence across the US. To achieve this goal, the company needed a portfolio and risk management platform that could handle the growing complexity and diversity of its assets, markets and regulatory jurisdictions.
PexaOS offers Eurowind Energy a transformative solution that unlocks granular visibility into individual assets, data-driven trading decisions, alongside effective portfolio-wide risk management. By providing out-of-the-box advanced functionalities, including position management for complex renewable portfolios, deal capture and a powerful risk and revenue calculation engine, PexaOS supports Eurowind Energy’s new portfolio management requirements for its growing pan European business.
The scalability and adaptability of PexaOS enables the platform to handle the diverse market and regulatory conditions that Eurowind increasingly encounters in its operations. For instance, in Germany, subsidies for wind power vary depending on the age of the turbine, creating different revenue streams for Eurowind Energy’s turbines within the same wind park. With PexaOS, Eurowind Energy can monitor and manage the performance and profitability of each turbine across different countries and markets, helping the company optimise its hedging strategy for baseload futures contracts.
“We see vast opportunities for expansion in Europe, North America and beyond, but enhancing our risk management and portfolio visibility will be critical for scaling up and thriving in new markets” said Jesper Düring, Commerical Director, Eurowind Energy. “PexaOS’ 'plug and play' nature, coupled with Pexapark's renewable energy expertise, presented an unparalleled solution. The ability to onboard deals independently has empowered us to actively manage our growing portfolio with confidence.
For additional information:
Eurowind Energy
