DNV completes climate impact assessment for Boralex’s wind and solar assets

The assessment applied DNV’s ‘Climate change impact on energy production’ service to provide projections at asset level over 10, 20, and 30-year horizons. The outputs support operational and financial planning by helping quantify how future wind and solar resource conditions may differ from historical patterns.

Renewable generation depends directly on weather conditions, and climate change is altering the distribution of wind, temperature, and irradiance. For asset owners, lenders, or investors, this creates a growing need to stress-test production assumptions, understand uncertainty, and identify where risks may be concentrated across a portfolio.

DNV combines climate science with energy modelling to turn projected changes into practical metrics for energy yield, enabling asset or portfolio-level comparison. Its scenarios highlight both the spatial variability of projected changes and the sensitivity of resources to future site conditions under different climate pathways. The resulting maps underline why asset-level assessment matters: while broad regional trends are visible, the scale and even direction of change can vary significantly from one location to another, making localised modelling essential to evaluating long-term performance and risk exposure.

Brice Le Gallo, Vice-President and Regional Director for Southern Europe, MEA & LATAM, Energy Systems, Energy Systems at DNV, noted: “Most yield assessments are still anchored in historical weather patterns, but as renewables carry a growing share of the power system, we must account for a shifting baseline. By integrating climate projections into the same analytical framework as production modelling, this work allows us to put numbers around uncertainty and identifies where the biggest changes may sit across a portfolio, giving investors and operators the confidence to make long-term decisions on performance, maintenance, and system-wide resilience.”

A spokesperson from Boralex added: “This forward-looking approach gives us a more robust basis for understanding how climate change is likely to affect our sites, rather than relying solely on past performance. It helps us identify which long-term assumptions need to be revisited, ensuring we can anticipate change and adapt our operational strategy in a context where weather patterns are becoming increasingly unpredictable.”

The service was introduced at the 2025 WindEurope Technology Workshop and is designed for application across both single assets and multi-site portfolios. It supports renewable energy owners, developers, and investors seeking forward-looking insight as climate-driven uncertainty becomes a material factor in long-term asset performance.

According to DNV’s Energy Transition Outlook, Europe’s power system is set to transition considerably, with solar becoming the continent’s largest source of electricity in the 2030s as costs stay low and deployment accelerates. By 2038, wind and solar together will supply half of Europe’s grid-connected power. Over the longer term, solar rises to 47% of European generation by 2060, while wind remains the second-largest source at around 32%, making variable renewables the backbone of the system. By the 2040s, wind and solar together will generate more electricity than all other sources combined. Even so, DNV projects Europe will miss its specific EU renewable targets for 2030 unless deployment speeds up further.

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