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In 2016, wind power surpassed hydroelectric power to become the number one source of renewable generating capacity in the US. The US wind industry installed 8,203 MW of new wind power in 2016 and the industry now has 82,143 MW installed. As for any business, the owners of a wind asset want to maximize revenue. This is accomplished by producing as much power as possible, without damaging the equipment.
But managing complex rotating equipment is inherently challenging. Wind turbines require rigorous inspection and maintenance to ensure they remain operational across a broad range of wind speeds and operating conditions. Asset owners typically obtain support from the manufacturer, component suppliers, system integrators, and operators of similar equipment.
Achieving Capacity Factor and Profitability
Wind turbines are limited by the available wind and expected to achieve a certain capacity factor based on the wind resource data collected and used to justify the installation. Many different factors can impact the capacity factor and the operator of a wind turbine often has options to make improvements.
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Keywords: Asset Management, Control System, Wind Power, Renewable Energy, Condition Monitoring, ARC Advisory Group.