RETScreen Expert

RETScreen Expert is a clean energy decision intelligence software package used to evaluate the feasibility of potential renewable energy and energy efficiency projects by professionals and decision-makers. The program was designed by CanmetENERGY, Canada’s leading research and technology organization in renewable energy. The software currently has 435,290 users in 222 countries and territories worldwide. [1]

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RETScreen Activities:

  • Build a large and evolving global database of project input parameters (including data on benchmarks, facilities, archetypes, costs, products, and finances)
  • Create an expert system decision-engine within the software that will mine this database relative to the user’s project location
  • Gather publically available data for multiple regions, based on the existing climate data in RETScreen
  • Link to open data sources and energy resource maps such as NASA’s satellite weather data, streaming dynamic near real-time data into the software
  • Use the above to underpin the creation of a Virtual Energy Analyser, a Smart Project Identifier, Financial Risk Assessor and project lifecycle Performance Tracker
  • Create training material
  • Conduct beta testing/pilot project in a REEEP priority country [2]

RETScreen Impact:

  • Dramatic reduction in financial and time costs to identify and assess potential clean energy investments
  • Direct user savings of more than $20 billion achieved by the end of 2022
  • RETScreen Expert used for at least $100 billion in project investments
  • Emission reductions of at least 50 MT CO2/year in greenhouse gas emissions achieved
  • Substantial contribution to global economic development, greenhouse gas and pollution reduction, and energy security [3]

 

 

References

[1] RETScreen Software: Cumulative Growth of User Base. (2015). Retrieved from https://web.archive.org/web/20160204073550/http://www.retscreen.net/popup.php?id=10248&tcopy=&alt=RETScreen+Software:+Cumulative+Growth+of+User+Base&titre=

[2] RETScreen Expert: decision intelligence software platform. (n.d.). Retrieved from https://www.reeep.org/projects/retscreen-expert-decision-intelligence-software-platform

[3] Ibid.