The global wind energy market has experienced significant growth over the past decade, resulting in more than 460 GW of installed capacity requiring ongoing operations and maintenance support. The O&M industry has responded to challenges in maintaining this immense fleet by flooding the aftermarket with innovations to reduce operating expenditures, increase energy output and maintain high levels of technical availability.
Key points:
- The revenue opportunity in global wind turbine services is expected to exceed $22 billion by 2025
- The 80/20 PTC eligibility guidance from the US IRS launches the biggest global investment in repowering to date, with ~6.2 GW of potential capacity identified
- Spare parts and distribution costs will swell to more than $6 billion by 2025
MAKE’s 2016 Global Wind Turbine Operations and Maintenance Report, a +65 page analysis, contains over 140 charts, tables, and graphs of global wind power service markets and strategies. Key topics covered include the global O&M market opportunity, service strategies of leading asset owners, availability guarantees, pricing and terms of O&M contracts and regional installed base segmentation.
Filed Under: O&M