Back to top
Reported by Navigant Consulting on 27 November 2018

Navigant Research Report Shows US Wind Turbine Manufacturers Are Accelerating Optimization Efforts

(Courtesy of pixabay.com)

A new report from Navigant Research examines the range of wind turbine optimization services offered by the top US wind turbine OEMs, providing recommendations for wind plant owners and wind turbine OEMs on evaluation and implementation.

The wind energy sector is becoming increasingly competitive and lucrative as wind turbine OEMs combine software and hardware to unlock increased annual energy production (AEP) from the vast fleet of aging operational wind turbines. In addition, a wealth of engineering expertise gained over decades of wind turbine design and deployment is allowing OEMs to develop larger and more efficient wind turbines that operate at higher capacity factors and produce higher AEP than older turbines. This knowledge can be retroactively applied to older operational turbines.

“Wind turbine optimization is no longer a speculative science. There are now thousands of wind turbines across multiple wind turbine manufacturers and turbine platforms that have extracted an additional 1% to 5% or more AEP with optimization services applied,” says Jesse Broehl, senior research analyst with Navigant Research. “Revenue is being left on the table if optimization is not implemented or not offered for specific turbine platforms.”

To gain a competitive advantage in this market, Navigant Research recommends wind plant owners evaluate and implement turbine optimization, while turbine OEMs work to better communicate their optimization offerings. OEMs should also offer optimization services if they do not already to open the door for more lucrative full-service operations and maintenance, and large owners of wind plants should evaluate in-sourced optimization.

The report, Harnessing Wind Turbine Optimization to Unlock Hidden Revenue, examines the range of wind turbine optimization services offered by the top wind turbine OEMs in the US and determines which platforms are key targets and which may have limitations. It focuses on GE Renewable Energy, Vestas, and Siemens Gamesa since those companies account for most of the wind turbines operational in the US during 2018. The study provides recommendations for wind plant owners and wind turbine OEMs on evaluating and implementing optimization services for wind turbines. Navigant Research also provides estimates of the addressable market for turbine optimization services using the US as a case study. An Executive Summary of the report is available for free download on the Navigant Research website.

References

[1]

Navigant Consulting, Inc. Press release - Navigant Research Report Shows US Wind Turbine Manufacturers Are Accelerating Optimization Efforts. URL: https://www.navigantresearch.com/news-and-views/us-wind-turbine-manufacturers-ar.... [Date Accessed: 27/11/2018].

Policy & Markets

18 Dec | Mercedes-Benz deal to buy wind power is first PPA in Germany

Mercedes-Benz will buy wind power for its German operations through a corporate renewable Power Purchase Agreement (PPA) signed with Norwegian utility Statkraft.

Policy & Markets

17 Dec | Lower prices for onshore wind in second Greek renewables auction

Onshore wind won almost 160 MW of capacity in Greece’s second renewables auction. The prices were competitive, coming in within a range of €55–65/MWh.

Policy & Markets

17 Dec | New low-cost wind energy contracts in Alberta demonstrate excellent value as province reduces greenhouse gas emissions

Alberta’s procurement of 763 MW of renewable energy will create jobs and economic benefits for Indigenous and rural communities

Policy & Markets

06 Dec | Support for wind energy in Ireland continues to grow

  • More than four in five (83%) back wind energy
  • Significant increases in support for wind cutting CO2 emissions and providing cheaper electricity
  • 55% in favour of a wind farm being developed in their local area