This work presents a new method to evaluate generation reserve margins in systems with renewable sources. In assessing the adequacy of generation reserve amounts, besides failures in generating units, their capacity intermittencies, unavailability, and capacity limits of the transmission system are duly considered. Risk indices are evaluated using quasi-sequential Monte Carlo simulation techniques. The cross-entropy method is used to treat rare events and also to identify critical equipment for operation in each scenario. The proposed method is applied to the original IEEE RTS system and to a modified configuration with insertion of wind power plants. A subsystem of the Brazilian interconnected network is also used to illustrate the practicality of the proposed method.