Within the next couple of years, the wind operations and maintenance (O&M) industry is expected to hit a critical turning point. For the first time, operating expenses (OPEX) will eclipse capital expenditures (CAPEX). According to a 2018 IHS Markit Wind O&M Benchmarking report, an aging North American wind-turbine fleet will soon cost more than new…
Key insights and benchmarking wind energy with IHS Markit experts
Listen in as we speak with two experts with IHS Markit: associate, Michael McNulty and analyst, Max Cohen. IHS offers key information and insight in critical markets that shape the business landscape, including in the field of renewable energy. In this podcast, Michael and Max discuss the type of clean energy research IHS focuses on…
North American wind-power O&M costs to increase nearly 40% in next decade
Operations and maintenance (O&M) expenses for wind power assets will cost the industry about $7.5 billion annually by 2021, according to new analysis from IHS Markit, a world leader in critical information, analytics, and solutions. IHS Markit estimates the current North American wind O&M market is valued at approximately $5 billion to $6 billion annually but…