Providing the critical indices, software, and trading tools for the climate risk transfer market.
Weather/Climate Data and Indices
Global weather observations for over 100,000 locations
Renewable Energy Indices
Theoretical wind and solar power production indices-specifically designed to meet the needs of risk transfer in the renewables markets
Indices, software and platforms to facilitate the global transition to renewable energy
Wind Power Quanto Indices
Indices that allow hedging of renewable power risks covering variations in both price and generated output
The Speedwell Environmental System, the only third-party enterprise software package for the weather/climate risk-transfer market.
CME Exchange Traded Temperature Contracts
Historic and on-going temperature data sets to support valuation and settlement of the CME listed HDD contracts
Climate and Environmental Risk TransferFounded in 1999, Speedwell Climate and its group companies provide the historical data, indices and software necessary to structure, price, and settle index-based environmental risk transfer contracts worldwide including those based on renewable energy indices, temperature, rainfall and other environmental variables.
Renewable Energy Risk Transfer
Speedwell offers a range of indices that have been specifically designed to meet the needs of parametric risk transfer. Speedwell Renewable Power Production (MWh) for a given region or portfolio of wind or solar farms and are used to hedge volume risk.
Our Wind Power Quanto indices combine both modelled wind generation and physical power price over a period allowing volume risk, shape risk and cannibalisation risks to be hedged.
Weather Data, Forecasts, and Indices
Speedwell is the leading supplier of high-quality global weather / environmental observations. We source our data from over 200 different national and regional sources including the relevant National Meteorological Services. We standardize formatting, document observation conventions, and provide quality-controlled datasets to our clients by FTP or through API.
Forecast products are available as the proprietary Speedwell downscaled forecasts or as raw model forecasts. Based upon GFS and ECMWF forecast models we offer ensemble average as well as full forecast ensembles which provide information about the confidence of a forecast.
Speedwell Indices are designed to summarize the impact of weather upon a population, a growing region, and the global climate system.
Speedwell Settlement Services Ltd
Speedwell Settlement Services Ltd is the leading provider of meteorological and environmental Settlement Data for index-based risk-transfer contracts worldwide. With a focus on transparency, accuracy, and reliability we provide Settlement Data for both over the-counter transactions as well as exchange-listed contracts. Speedwell Settlement is regulated by the FCA as a Benchmark Administrator.
weatherXchange® is a web delivered platform that helps companies access index-based climate risk protection. Companies exposed to risks relating to renewable energy generation, temperature, rainfall and other variables are able to use the platform to structure a hedge and calculate an indicative price based on historic payouts. The platform provides access to thousands of high quality data sets worldwide and a wizard to guide the user through the structuring process.
Speedwell Environmental System (SES)
SES is an enterprise software system supporting hedgers and traders in the index-based climate risk market. SES offers front office contract valuation tools, middle office portfolio risk management and back office/trade reporting. SES has been used by traders of index based weather / climate risk contracts since its release in 2002.
Our consulting services include valuation of individual climate risk transfer structures to the valuation of complete portfolios. We are also able to advise on the calculation of fair value of complex contracts including those combining a weather/climate variable with a commodity price (“Quantos”). Our 20+ years of experience in the climate risk-transfer market means we have a unique insight on ‘standard’ market practices as well as a view on the best solutions for our clients.