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European Renewable Energy
Deal Intelligence
RenewTrack combines 1,851 financing records, 33 independently tested analytical tools, 165,000+ institutional-grade power market datapoints from WRDS Datastream, and market intelligence across 29 European countries — purpose-built for professionals in renewable energy project finance.
3,419
Projects Tracked
1,851
Financing Records
3,433+
Market Participants
29
Countries Covered
33
Professional Tools
3,341+
Unit Tests
Active Development — covering 29 European markets, with new tools, data, and refinements shipping continuously
Platform Capabilities
Institutional-quality data, professional-grade modeling, and automated workflows that replace hours of manual analyst work.
WRDS Datastream Integration
Power Markets Dashboard165,000+ institutional-grade datapoints
20 years of European power market data sourced from Wharton Research Data Services via Refinitiv Datastream — the same institutional feed that investment banks pay ~$50,000 USD/year to access. Covers EEX German baseload (spot and 7 forward curve tenors: TRc1 through TRc7), APX UK day-ahead, and NordPool Nordic system price. This is not scraped news or estimated data — these are real settlement prices and continuous futures prices used in bank trading desks and energy fund models.
One-Click IC Sheet Generation
Generate an IC SheetWhat takes an analyst half a day — generated in 30 seconds
Select any deal and generate a professional 3-page Investment Committee memorandum in seconds. The IC sheet auto-runs four calculation engines simultaneously: DCF valuation (NAV, project and equity IRRs), comparable valuation metrics (EV/MW multiples from the deal database), CAPEX benchmarking (percentile positioning against technology peers), and a scored risk narrative. Professional navy and gold branded design, exported as a PDF ready for committee distribution.
Data-Driven PPA Pricing
PPA Analysis ToolsMarket assumptions backed by real WRDS data, not guesswork
PPA analysis tools auto-populate merchant price assumptions from actual WRDS historical data. A market context panel surfaces the current spot price, 5-year average, annualised volatility, forward curve shape, and scenario-derived prices (P10, P50, P90) for 10 European markets — 3 with direct WRDS coverage (Germany, UK, Nordic) and 7 with correlation-derived proxies. Every auto-populated value can be overridden by the analyst: smart defaults, not constraints.
Power Markets Dashboard
View Power MarketsInteractive European electricity price analysis
Cross-market comparison of German, UK, and Nordic electricity prices with interactive charting. Forward curve analysis with automatic contango and backwardation detection across 7 continuous futures tenors. Rolling volatility analysis with crisis period annotations (2021-2022 energy crisis, COVID-19). Full methodology section documenting every calculation, data source, and limitation.
Carbon & Sustainability Impact
ESG & Carbon ImpactReal ESG data, not marketing
Sustainalytics ESG risk ratings sourced from WRDS for 25 major European energy counterparties — real institutional ratings from Morningstar, not self-reported scores. Carbon avoidance calculations for all tracked projects using grid emission factors. EU Taxonomy alignment assessment for qualifying renewable energy investments.
Cash Flow Waterfall Engine
Cash Flow WaterfallFull 10-step project finance model, 286 dedicated tests
A complete project finance cash flow model following standard waterfall conventions: production, revenue, grid charges, operating costs, depreciation, tax, working capital adjustments, senior debt service, DSRA movements, mezzanine debt, cash sweep mechanics, and equity distributions. Computes DSCR, LLCR, PLCR, project IRR, equity IRR, and NPV. Supports sculpted, annuity, straight-line, and bullet repayment profiles across annual, semi-annual, and quarterly periodicity.
Calculation Rigor
Every formula is validated against published financial and engineering standards. All 33 tools have been independently tested for mathematical accuracy.
3,341+ Unit Tests
Every calculation module independently tested across 104 test suites. The cash flow waterfall engine alone carries 286 dedicated tests covering sculpted repayment, cash sweep mechanics, reserve account waterfalls, and covenant triggers.
Academic Methodology
Price models reference Hamilton (1989) regime-switching, Cartea & Figueroa (2005) mean-reversion, and Coles (2001) extreme value theory. Production estimates follow IEC and DNV standards. Credit scoring integrates S&P, Moody's, and Fitch rating frameworks.
Bank-Grade Conventions
ACT/360, 30/360, and ACT/365 day-count conventions. LMA/APLMA-standard covenant definitions. DSCR sculpting with configurable lock-up and default triggers. IFRS 9 hedge effectiveness testing. 7-sheet Excel export formatted for lender review.
Deterministic Engines
Pure deterministic calculations produce identical results for identical inputs — no hidden randomness, no opaque intermediaries. Monte Carlo simulations use seeded random number generators for full reproducibility. Every output is auditable.
Where We're Headed
RenewTrack is being built as the institutional-grade platform for European renewable energy project finance. The WRDS Datastream integration — delivering 165,000+ real power market datapoints across 20 years of European electricity history — now underpins PPA pricing, merchant revenue modeling, and the Power Markets Dashboard. The one-click IC sheet generator automates a workflow that typically consumes half an analyst's day into a 30-second operation.
Current priorities: extending WRDS coverage to additional European markets beyond Germany, UK, and the Nordics; deeper country-specific parameter sets for Southern and Central European jurisdictions; additional battery storage chemistries beyond LFP/NMC/NCA/LTO; expanded copula dependency models for correlated cross-market risk; and further integration of extreme value theory (GPD/GEV) into tail-risk pricing for merchant revenue scenarios.
The Team
Alexander Davidson
CommissionerInvestment Associate, Aukera Energy
Investment professional at Aukera Energy, responsible for originating and evaluating grid-scale solar, wind, and battery storage opportunities across European markets. Over two years of direct renewable energy investment experience, with prior roles in venture capital, data analytics, and strategy consulting. Oxford PPE graduate (St Anne's College) with certifications in Financial Modelling for Renewable Energy Projects (Operis) and Securities & Investment (CISI).
University of Oxford (BA PPE)
Dr David Gringras
BuilderFrank Knox Fellow, Harvard T.H. Chan School of Public Health & MIT
Harvard Frank Knox Fellow and MIT graduate student bringing a multi-disciplinary background to platform design and data architecture. AI Research Fellow at Scale AI, focused on frontier model evaluation. Published researcher in peer-reviewed journals and recipient of multiple national awards. Designed and built RenewTrack from the ground up, combining domain research with full-stack engineering.
Harvard, MIT, Edinburgh, Edinburgh Medical School, University of Law
davidgringras@hsph.harvard.eduJG
Joshua Gringras
Strategy & GrowthCommercial Lead
Commercial lead, responsible for strategy, partnerships, and turning product into revenue. Background in business and economics with hands-on experience building advanced financial models and communicating insights to investors and decision-makers. Previously co-founded and scaled a food venture, owning end-to-end P&L and go-to-market, and built strong sales skill in multiple customer-facing roles.
University of Edinburgh (MA Hons Business & Economics) · UT Austin (McCombs exchange)
Explore the Platform
Four integrated pillars, built for investment teams making real capital allocation decisions.
Deal Database & Analytics
1,851 financing records across 29 European markets. Cross-source verification from PitchBook, EIB, and developer disclosures. Estimated values are transparently flagged — never silently blended with verified data.
Browse DealsFinancial Modeling Suite
33 purpose-built tools, from DSCR-sculpted debt sizing and construction draw scheduling to Monte Carlo merchant simulation with regime-switching price models (Hamilton 1989). Every calculation independently tested across 3,341+ unit tests. Unified 10-step cash flow waterfall engine with 286 dedicated tests.
View All ToolsMarket Intelligence
Auction results, regulatory frameworks, CAPEX benchmarks, and curtailment analytics at TSO-region granularity across 29 European markets. Covers 7 capacity market jurisdictions and 15 electricity market country parameter sets.
Explore AnalyticsNetwork & Relationships
3,433+ developers, lenders, advisors, and offtakers mapped by deal history and co-investment patterns. League tables rank participants by deal volume, capacity, and role. Interactive network graphs surface relationships that spreadsheets miss.
View Parties