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To Weather Inflationary Storm, Wind Operators Must Exploit Full Value of Monitoring:Report

July 25, 2022. By News Bureau

A ‘tick-box’ approach to asset condition monitoring and a slow-down in the implementation of broader digitalisation strategies risks exposing wind farm owners and operators to greater inflationary pressures.

This is the key finding of a new report from ONYX Insight, a leading provider of data analytics and engineering expertise to the global wind industry.

Condition monitoring has transformed the sector over the last 10 years, delivering £500 million in global annual revenue, lowering LCoE by 1.5%, virtually eradicating catastrophic failures, and making offshore wind viable. Despite rising costs across the value chain, wind remains a strong draw for investors.

However, many existing monitoring strategies fail to reflect wind energy’s growing dynamism, even as the sector sees rapid technological and market change.

This is leaving many owners and operators on the back foot, unable to leverage advances in sensing and analytics that promise huge strides.

Evgenia Golysheva, VP Strategy and Operations at ONYX Insight, said: “Condition monitoring is one of the most powerful technologies operators have for transforming asset profitability, removing uncertainty, and improving confidence and control over budgeting decisions - from end of warranty through to repowering and life extension. The key to a successful monitoring strategy is thinking long-term and continuing to invest in comprehensive, proven solutions which deal not just with the challenges wind operators face today, but also those of tomorrow.”

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