Thursday, May 19, 2011
First Financial Instrument to Hedge Wind Power Variability Risk Now Available
3TIER®, a global leader in renewable energy risk analysis, and Galileo, a global leader in weather risk management, announced today their collaboration in offering the first financial products designed to assist the wind power industry in hedging the financial risk of wind variability. Galileo's WindLockTM product will provide on-site settlements based on 3TIER's wind resource data, enabling wind project developers and financiers to mitigate the risk of project underperformance. The joint
