×

We are excited to announce that as of February 1, Wood Mackenzie is a portfolio company of Veritas Capital, a leading investor at the intersection of technology and government. Our focus remains on providing you with the best intelligence, analytics, data and tools to ensure you are making the best data-driven business decisions with confidence.  

Read more in our news release here. 

;
Editorial

Onshore wind O&M technology outlook 2020

Key takeaways and report brochure

1 minute read

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.

Key Takeaways:

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.

Complete the form to download the report brochure:

  • Table of contents
  • List of figures
  • Sample figures
  • Purchasing information

The full report is available for sale in our report store.