October 22, 2012
3TIER®, a global leader in renewable energy assessment and forecasting, today announced that it has secured partnerships with TNA in Turkey and Clean Electric in Israel. Going forward these renewable energy engineering consultancies will serve as 3TIER's exclusive authorized resellers within Turkey and Israel. The new relationships combine the complimentary skills of each company to increase access to state-of-the-art renewable energy assessment and forecasting within these growing markets.
The governments of both Turkey and Israel have instituted strong policies to support the expansion of renewable energy. Israel has revised its initial renewable energy mandate to a more aggressive target of 10% by 2020 and, while traditionally seen has a solar market, recently introduced feed-in-tariffs for utility-scale wind turbines and a quota of 800 MW. Turkey has quickly become a key European market due to its extensive wind resources, rapidly growing energy demand, and strong policies, including a mandate to reach 20 GW of wind power by 2023, as well as feed-in-tariffs and 10-year power purchase agreement guarantees. The new partnerships with TNA and Clean Electric show 3TIER’s dedication to two of the fastest growing markets in Europe and will ensure adequate in-country support for its client base.
“With so many projects coming online so quickly, evaluating project risk and performing adequate due diligence is critical,” said Steve Ross, 3TIER EMEA managing director. “Disqualifying marginal projects early on ensures that only projects with the greatest chance of commercial success are financed and developed. With the support of our partners, our aim is to provide a well rounded assessment offering of the same quality and accuracy expected in the most sophisticated renewable energy markets in the world.”
Both TNA and Clean Electric have extensive expertise managing measurement campaigns, including site surveying, site selection, data analysis, and initial reporting studies. This core competency – collecting quality measurements – fits well with 3TIER’s capabilities. Founded in 1999, 3TIER pioneered combining on-site observations with numerical weather prediction and satellite modeling methods to forecast the long-term potential and expected variability of wind and solar power production. With experience at over 1000 wind and solar projects on six continents, the company's approach typically achieves a higher degree of certainty and provides a more accurate quantification of risk than more traditional methods. Through risk analysis conducted in the US, India, and Australia, 3TIER has helped secure over $5 billion in public and private financing and loan guarantees for the development of utility-scale solar projects. 3TIER is also a dominant force in short-term operational forecasting, serving a large percentage of North America's installed wind capacity.
To learn more about 3TIER, visit www.3tier.com.
3TIER helps the global energy market manage renewable energy risk. A pioneer in wind and solar generation risk analysis, 3TIER uses weather science to frame the risk of weather-driven variability – anywhere on earth, across all time horizons. With offices serving North America, Europe, the Middle East, Africa, India, Latin America, and the Asia Pacific region, 3TIER has global reach with products and services spanning renewable energy project feasibility, energy marketing, and asset management. For more information, visit www.3tier.com.
ABOUT CLEAN ELECTRIC
Formed in 2009, Clean Electric combines meteorological science with applied engineering to offer innovative solutions for the emerging renewable energy industry. We provide useful, convenient tools that utilize state-of-the-art science and precise instrumentation to quantify the potential of alternative energy sources. Our end-to-end wind assessment services allow investors and entrepreneurs to accurately evaluate revenue potential and minimize the risk of their investments. Clean Electric’s team of qualified experts provides its clients with the best possible solutions to fit their needs. For more information, visit www.clean-electric.co.il/.
Established in 2008, TNA is a renewable energy engineering consultancy and services company. While initially established to solve machine design issues, the company brings together many engineering disciplines under one roof and meets international quality standards in terms of products and services. It also extends its expertise through strategic business partnerships with international companies, such as Sgurr Energy and 3TIER. Through proven competence at the level of international financial institutions and investors, TNA has developed a reputation as a well-regarded and trusted firm. For more information, visit www.tna.com.tr.
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