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The Road to Bankability
Improving assessments for more accurate financial planning
Gwen Bender, Christian Gueymard
Francesca Davidson and, Solar Consulting
Scott Eichelberger Services
3TIER
»  Combining micro-scale site information,
such as aerosol optical depth
measurements and local irradiance
observations, with long-term satellite
irradiance data significantly improves the
accuracy of solar resource estimations
and provides more confidence in financial
planning.
Understanding Long-Term Variability
170
180
190
200
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
Wattspersq.m
Observations Satellite Data
Observations - Mean Satellite Data - Mean
-10
-5
0
5
10
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
%Anomalyfrom
Mean
Observations
Satellite Data
2010 Irradiance Anomaly
2010 Irradiance Anomaly
2010 Irradiance Anomaly
Why Not Just Use TMY Data?
“Simple “TMY” (Typical Meteorological Year) formats are not
sufficient for building major projects.”
Venkataraman, S., D’Olier-Lees, T. "Key Credit Factors.” Standard and Poor’s
Solar Credit Weekly 29.42 (2009)
“The TMY should not be used to predict weather for a particular
period of time, nor is it an appropriate basis for evaluating real-
time energy production or efficiencies for building design
applications or solar conversion systems.”
NREL Technical Report 2008
Typical Meteorlogical Year
»  To demonstrate the inherent
variability in GHI and DNI, a TMY
frequency distribution may not
always be appropriate to represent
the solar resource, particularly
during bad years.
»  For this specific location, the TMY2
value corresponds quite exactly to
the P50 of the distribution.
»  The P90 and P95 probabilities of
exceedance correspond to much
lower values, 11% and 16% below
the TMY2 value, respectively. This
is why TMY data should not be
used to derive bankable reports of
financial projections.
Aerosols: Volcanoes - Calculating 1-year
P90s
Solar Resource Assessments Can Be Done 3 Ways
»  Satellite
Derived Data
»  Ground Station
Observations
»  Combination of
the Two
+
Ground Station Assessments
Cons
»  Few on-ground
observations available and
most are short-term
»  Inaccurate to interpolate
these measurements to
other locations
»  Performance and prices
vary
Pros
»  High accuracy if properly
maintained
»  Critical part of solar
resource assessment,
necessary to sort out local
variability effects
Ground Station Assessments
»  For GHI it might take only 2–3 years of measurement to be within ±5% of the
long-term mean. For DNI it takes much longer, up to 5–15 years.
›  Short measurement periods (e.g. 1 year) are not sufficient for an accurate resource
assessment
-30
-20
-10
0
10
20
1975 1980 1985 1990 1995 2000 2005 2010
Eugene, OR
1978–2009
DNI GHI
Anomaly(%)
Year
Convergence time
5%
13 years
Gueymard, C. (2010).
Temporal Solar Resource
Variability at Various Time
Scales and the Use of Typical
Meteorological Years
[PowerPoint Slides].
Retrieved from http://
www.3tier.com/en/about/
webinars/archive/solar-
assessment/
Satellite Derived Assessments
Cons
»  Greater uncertainty than
observations (over the same
time period)
»  Known issues with satellite
modeling include areas of
high albedo, turbidity
modeling, areas of snow
cover and satellite
degradation
Pros
»  Consistent global approach
»  Interannual variability
captured with multiple years
of data
»  Satellite derived data is
known to be the most
accurate source of irradiance
information beyond 25 km of
a well-maintained ground
station (Zelenka et al., 1999)
»  Modeled data based on actual
observations
Satellite Derived Assessments
High Resolution Solar Data (GHI)
NASA	
  Data	
  (~100km)	
   NREL	
  Data	
  (~40km)	
   3TIER	
  Data	
  (~3-­‐4km)	
  
Increased resolution provides more detailed information.
Considering a central location on these maps…
GHI Band
At ~100km resolution (NASA) 4.0 - 4.5 kWh/m2/day
At ~40km resolution (NREL) 4.5 - 5.0 kWh/m2/day
At 3-4km resolution (3TIER) 6.0 - 6.5 kWh/m2/day
0.0-2.0
2.0-2.5
2.5-3.0
3.0-3.5
3.5-4.0
4.0-4.5
4.5-5.0
5.0-5.5
5.5-6.0
6.0-6.5
6.5-7.0
7.0-7.5
7.5+
GHI [kWh/m2/day]
Near Chengdu in
China
Satellite and Ground Stations Combined
Cons
»  Algorithm for correcting
the satellite record to the
ground observations must
have skill but not over fit
»  Corrections will only be as
accurate as the ground
station data
Pros
»  Ground station
observations can be used
to improve the accuracy of
the satellite data
»  Puts the short-term
observations into the
context of over a decade of
satellite data
+
Satellite and Ground Stations Combined
These observations include the lowest summer on record; without long-term
reference data for context the statistics for this site will be artificially low.
Case Study: Desert Rock, NV
Case Study: Desert Rock, NV
Units: kWh/m2/year P50 P75 P90 P95 P99 Long-term
Mean
MOS-corrected GHI 1-yr 2087 2058 2032 2017 1988 2087
MOS-corrected DNI 1-yr 2844 2778 2718 2683 2616 2843
Diffuse 1-yr 466.1 417.2 373.3 347.0 297.7 466.1
MOS-corrected GHI 10-yr 2087 2070 2055 2046 2029 2087
MOS-corrected DNI 10-yr 2844 2811 2781 2763 2730 2843
Diffuse 10-yr 466.1 418.7 376.1 350.7 302.8 366.1
Questions?
Gwen Bender
gbender@3tier.com
Christian Gueymard
Chris@SolarConsultingServices.com

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Road to bankability: Solar Assessment for Utility Scale Project presented ASES 2011

  • 1. The Road to Bankability Improving assessments for more accurate financial planning Gwen Bender, Christian Gueymard Francesca Davidson and, Solar Consulting Scott Eichelberger Services 3TIER
  • 2. »  Combining micro-scale site information, such as aerosol optical depth measurements and local irradiance observations, with long-term satellite irradiance data significantly improves the accuracy of solar resource estimations and provides more confidence in financial planning.
  • 3. Understanding Long-Term Variability 170 180 190 200 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 Wattspersq.m Observations Satellite Data Observations - Mean Satellite Data - Mean -10 -5 0 5 10 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 %Anomalyfrom Mean Observations Satellite Data
  • 7. Why Not Just Use TMY Data? “Simple “TMY” (Typical Meteorological Year) formats are not sufficient for building major projects.” Venkataraman, S., D’Olier-Lees, T. "Key Credit Factors.” Standard and Poor’s Solar Credit Weekly 29.42 (2009) “The TMY should not be used to predict weather for a particular period of time, nor is it an appropriate basis for evaluating real- time energy production or efficiencies for building design applications or solar conversion systems.” NREL Technical Report 2008
  • 8. Typical Meteorlogical Year »  To demonstrate the inherent variability in GHI and DNI, a TMY frequency distribution may not always be appropriate to represent the solar resource, particularly during bad years. »  For this specific location, the TMY2 value corresponds quite exactly to the P50 of the distribution. »  The P90 and P95 probabilities of exceedance correspond to much lower values, 11% and 16% below the TMY2 value, respectively. This is why TMY data should not be used to derive bankable reports of financial projections.
  • 9. Aerosols: Volcanoes - Calculating 1-year P90s
  • 10. Solar Resource Assessments Can Be Done 3 Ways »  Satellite Derived Data »  Ground Station Observations »  Combination of the Two +
  • 11. Ground Station Assessments Cons »  Few on-ground observations available and most are short-term »  Inaccurate to interpolate these measurements to other locations »  Performance and prices vary Pros »  High accuracy if properly maintained »  Critical part of solar resource assessment, necessary to sort out local variability effects
  • 12. Ground Station Assessments »  For GHI it might take only 2–3 years of measurement to be within ±5% of the long-term mean. For DNI it takes much longer, up to 5–15 years. ›  Short measurement periods (e.g. 1 year) are not sufficient for an accurate resource assessment -30 -20 -10 0 10 20 1975 1980 1985 1990 1995 2000 2005 2010 Eugene, OR 1978–2009 DNI GHI Anomaly(%) Year Convergence time 5% 13 years Gueymard, C. (2010). Temporal Solar Resource Variability at Various Time Scales and the Use of Typical Meteorological Years [PowerPoint Slides]. Retrieved from http:// www.3tier.com/en/about/ webinars/archive/solar- assessment/
  • 13. Satellite Derived Assessments Cons »  Greater uncertainty than observations (over the same time period) »  Known issues with satellite modeling include areas of high albedo, turbidity modeling, areas of snow cover and satellite degradation Pros »  Consistent global approach »  Interannual variability captured with multiple years of data »  Satellite derived data is known to be the most accurate source of irradiance information beyond 25 km of a well-maintained ground station (Zelenka et al., 1999) »  Modeled data based on actual observations
  • 15. High Resolution Solar Data (GHI) NASA  Data  (~100km)   NREL  Data  (~40km)   3TIER  Data  (~3-­‐4km)   Increased resolution provides more detailed information. Considering a central location on these maps… GHI Band At ~100km resolution (NASA) 4.0 - 4.5 kWh/m2/day At ~40km resolution (NREL) 4.5 - 5.0 kWh/m2/day At 3-4km resolution (3TIER) 6.0 - 6.5 kWh/m2/day 0.0-2.0 2.0-2.5 2.5-3.0 3.0-3.5 3.5-4.0 4.0-4.5 4.5-5.0 5.0-5.5 5.5-6.0 6.0-6.5 6.5-7.0 7.0-7.5 7.5+ GHI [kWh/m2/day] Near Chengdu in China
  • 16. Satellite and Ground Stations Combined Cons »  Algorithm for correcting the satellite record to the ground observations must have skill but not over fit »  Corrections will only be as accurate as the ground station data Pros »  Ground station observations can be used to improve the accuracy of the satellite data »  Puts the short-term observations into the context of over a decade of satellite data +
  • 17. Satellite and Ground Stations Combined These observations include the lowest summer on record; without long-term reference data for context the statistics for this site will be artificially low.
  • 18. Case Study: Desert Rock, NV
  • 19. Case Study: Desert Rock, NV Units: kWh/m2/year P50 P75 P90 P95 P99 Long-term Mean MOS-corrected GHI 1-yr 2087 2058 2032 2017 1988 2087 MOS-corrected DNI 1-yr 2844 2778 2718 2683 2616 2843 Diffuse 1-yr 466.1 417.2 373.3 347.0 297.7 466.1 MOS-corrected GHI 10-yr 2087 2070 2055 2046 2029 2087 MOS-corrected DNI 10-yr 2844 2811 2781 2763 2730 2843 Diffuse 10-yr 466.1 418.7 376.1 350.7 302.8 366.1