Exposure queue
Availability 96.0% vs 98% Axpo guarantee
At risk
-$480K
-$480,000
String 3 has been offline 6 days after an inverter trip, pulling availability below the 98% floor on the 7-year availability swap.
If unfixed: Settlement period closes at 96%, triggering the shortfall penalty band on the Axpo swap.
Recommended action
Restore String 3 and file the availability exception before period close to reclaim the guaranteed downtime allowance.
Evidence
The full provenance behind this number: inputs, the calculation, the underlying series, and the source.
Inputs used
- Availability this period
- 96.0%
- Contracted guarantee
- 98.0%
- Shortfall vs guarantee
- -2.0 pts
- String 3 downtime
- 6 days
- Contracted capacity
- 10 MW / 20 MWh
Harlingen II EMS (Fluence), 2026-Q2
Axpo 7-yr availability swap, sch. 2
Settlement calc, 2026-Q2
Inverter trip event 2026-07-08
Harlingen II contract terms
The calculation
$480K = availability shortfall across the settlement period priced at the Axpo swap shortfall penalty band.
Availability vs 98% guarantee-2.0 pts
Settlement exposure basis10 MW capacity swap
Axpo shortfall penalty bandtriggered
Penalty exposure$480,000
Underlying AVAILABILITY series, last 90 days
Source Harlingen II · Axpo 7-yr availability swap sch. 2 · 2026-Q2 settlement
Action timeline
Raised, actioned, expired
- Raised2026-07-09
- Axpo settlement period close · 11 days
Raised on the String 3 inverter trip. Availability crossed below the 98% guarantee the same settlement day.
Related contract
What this exposure is measured against
CounterpartyAxpo
Warranty floor SOH90.0%
Availability guarantee98.0%
Cycle envelope700/yr
RTE warranted85.0%
Augmentation cost basis$182/kWh
Contract term10 years