Statistical approach improves wind farm remote condition monitoring

The cost of operating and maintaining onshore wind farms in Europe is significant. According to the European Wind Energy Association, Operating and Maintenance (O&M) costs account for around 20 percent of the levelized cost of energy (LCOE) for onshore wind farms. As such, any measures that can be taken to reduce this cost directly translate into improved returns for investors.This is not to say that asset owners can scrimp on O&M expenses. Inadequate O&M can lead to minor faults or