Grid integration guarantee: a financial buffer to address renewable energy curtailment
This study presents a proposed solution to the risk of renewable energy (RE) curtailment – a grid integration guarantee (GIG), which offers cover against tail-end curtailment risk with market-reflective pricing. It showcases the design, feasibility, and applications of the proposed GIG and delves into its aspects such as risk coverage, governance, capitalisation, and product features. It highlights the drivers that would support the successful deployment of the GIG and the barriers to its uptake.
