Renewable generation is inherently stochastic. We develop a risk mitigation strategy by applying principles of securitization to the stochastic generation of wind and solar resources. We demonstrate the design of a risk-free tranche for the renewable assets as a risk-free service, which the...

Variable power outputs are one of the largest challenges facing the widespread adoption of renewable energy systems. The inherent variability of solar resources makes it challenging to integrate large amounts of solar energy into the electric grid. However, the weather factors that influence...

Fourteen years have passed since the Renewable Energy Act of 2008 was enacted in the Philippines. Under the law, net-metering was implemented as a non-fiscal incentive mechanism to encourage residential households to switch to solar energy. Yet the majority of the country's residential...

Solar energy utilization has evolved tremendously in many countries to compete with conventional energy sources due to abundant availability, ongoing module price declines, and efficiency gains. Besides these advantages, most solar power plants continue to underperform due to various technical...

The Sustainable Development Goals (SDGs) adopted by the United Nations create global awareness, political responsibility, enhanced measurements, and social feedback by organizing these priorities into seventeen goals and defining measurable time-bound targets. SDG7, "Affordable and Clean...