Onshore wind O&M technology outlook 2020
About the report:
Wood Mackenzie's wind power operations & maintenance (O&M) technology report provides up-to-date analysis of key technology trends in the wind O&M industry. The report focuses on the development of digital tools designed to optimize wind O&M costs. It provides detailed information on current digital product offerings, their role along the wind O&M value chain, and an overview of emerging technologies. Our Power & Renewables reports and data provide deep insight into the current and future state of electricity generation.
Digital tools are increasingly reinforcing their business case for O&M cost reduction
- The cost for implementation of innovative technical solutions varies immensely depending on the system. Gradually, digital products are justifying their investment costs: value delivered per year can currently range anywhere from 3,000 to 15,000 US$/turbine/year while payback is, in most cases, less than 7 years
Digital technology will unlock O&M efficiency gain by potentially reducing unplanned repairs - estimated to nearly double over the next 10 years
- Unplanned repairs are expected to cost the global wind onshore industry approximately US$14 billion by the end of the decade, from the current US$8 billion. Component failures can be predicted, and potentially avoided, having a significant impact on operational costs, and as a result, on project returns.
Emerging technologies allow operators to regain revenue previously lost due to repair-related downtime
- Drones, robots and other new technologies are shifting how maintenance services are performed. These tools allow faster and more effective repairs, translating to fewer man-hours and lower downtimes.
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