The highs and lows of markets for renewable energy are driving more interest in granular pricing data. Any company embarking on a new project must do its research to ensure that it calculates the proceeds based on the right financial information. With so much data now readily available, it’s more important than ever to use the right data, and make accurate calculations.

Amid the boom in demand for renewable power plants, that is not always happening when backers go to measure the value of the energy they will generate. Here’s why, according to Jennifer Newman, vice president of Atmospheric Science Research at REsurety, the Boston, Massachusetts-based renewable industry data and analytics company, who says friends don’t let friends use “8760s.”

POWER: What is an 8760 and how is it used in the renewable energy industry?

Newman: An 8760 (sometimes referred to as a typical meteorological year or TMY) consists of hourly generation values for a wind or solar project for all 8,760 hours of a typical year.…

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