Wind volumes across a year can vary by as much as 20%.
Innovations in the reinsurance market mean that it is now possible to enter into long term (10 year) swaps that look to guarantee a fixed volume of wind, and even fixed the power price for energy produced by an asset. This effectively turns a variable revenue stream from an asset into a less volatile or fixed revenue stream over a longer period of time. De-risking a project in this way by giving more certainty over revenue enables projects access to better funding. One other advantage is that this kind of swap can protect against unscheduled outages.
The “production level” in MWh: This would typically take into account planned maintenance, and may vary seasonally across the year.