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Bloomberg New Energy Finance and 3TIER have announced the launch of the world’s first real-time, interactive wind asset valuation tool (WVAL). WVAL enables investors to value more than 3,400 wind projects around the world at the click of a button, using the most up-to-date tariff, turbine and wind resource data in the world.

WVAL brings together datasets critical to the valuation of wind assets. WVAL uses the latitude and longitude of the project to tap an hourly wind-speed time series data set derived from a comprehensive weather model provided by  3TIER . The WVAL model then calculates the expected annual power generation for the location based on the wind data and BNEF’s proprietary database of wind turbines and their performance characteristics.