The cost of wind energy has been on a downward trend over the last several years dropping from $70/MWh for subsidized Power Purchase Agreements (PPA) in 2009 to between $40/MWh and $20/MWh today, according to industry reports. This translates to roughly 4.0 c/kWh to less than 3.0 c/kWh on consumer electricity bills. Unsubsidized projects range from $32/MWh to $77/MWh, converting to between 4.0 c/kWh to 8.0 c/kWh on consumer bills.
Over the last several years, governments around the world have been rallying around the renewable energy market, creating incentive programs and tax breaks to spark investment in wind energy.
Renewable energies company Acciona Energía has signed an agreementwith US-based industrial software firm Sentient Science to help extend the operational life of global wind turbine fleet.
Sentient Science recently met with the top Chinese bearing companies at the China International Bearing Industry Exhibition 2016 to introduce a material science-based technology that can help in the development of high-end bearing products, in addition to identifying market entry opportunities within wind turbine operator networks around the world.
Shanghai, China, September 20, 2016 – Sentient Science, a New York- based technology solution with the world's largest installed base of digitalized wind turbines globally, will present a new global solution to Chinese bearing companies at the China International Bearing Industry Association Show in Shanghai on Wednesday, Sept. 21 from 9:30 a.m. to noon CST at the Shanghai World Expo Exhibition & Convention Center.
Sentient Science presented a webinar this week on extending gearbox life with surface treatment solutions.
Derating a wind turbine is a strategic move sometimes made by an operator to extend the life of an asset, moving potential failures from one fiscal year to the next.
Digitalization when combined with material science gives operators the forward visibility to build strategic plans that lower their levelized cost of energy by up to 13%.
The end of warranty period is a critical decision making time for wind turbine operators. Sentient provides data that gives operators insight needed to understand the best strategy to manage their assets after their Original Equipment Manufacturer (OEM) warranty agreements expire.
When your wind turbines are under full warranty, it’s easy to plan your operations and maintenance costs, because your risk is low. Any major unplanned maintenance events are covered in full, in addition to a percentage of the parts and labor. Warranty is usually covered for the first two to five years, and purchased as part of the original turbine cost.