Cold Weather Failure News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Renewables consultancy ArcVera has produced a study that reveals the recent bout of cold weather in Texas earlier this year led to over $4bn in financial losses for wind farms in the state.
The “ERCOT Market Cold Weather Failure 10-19 February 2021: Wind Energy Financial Losses and Corrective Actions” study points to shortcomings in the hedged financial structures, with “asymmetric price risk leading to significant losses for wind farm operators and gains for counterparties”.
The study is focused on wind farm outages reported by the Electric Reliability Council of Texas (ERCOT) grid operator for the period 14-19 February 2021, when the grid experienced extensive wind farm downtime, lost energy production, and high hub-settled electricity prices. ....

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