Why Are Australian Wind Farms Losing Money?
Highlights from EP 240 & exclusive content
⏱️ 3 minute read ⏱️
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What did we cover the Uptime Wind Energy Podcast this week? While BP Energy is up for sale as the company seems freshly enamored of (surprise) oil and gas, a Dutch delegation descended on Connecticut’s State Pier.
Bob Meijer, head of the delegation and a director of the TKI Wind op Zee, said the visit was about finding ways to share knowledge and collaborate. From investments to manufacturing to training, the possibilities are interesting, to say the least. We’ll stay on top of this for you.
Other news stories we’re following include floating wind moving forward in the Gulf of Maine and Nova Clean Energy’s growing portfolio in Texas. Those stories and others are linked below - one click will take you to the article. But before you go, we’ve got something for you to ponder.
With plenty of wind resources and decades of experience, why are one-third of Australia’s wind farms losing money?
Don’t Jump to Conclusions
Like most things about wind, there’s no easy answer here. Allen, Joel, Phil and Rosemary consider the surprisingly long payback period for most Australian wind projects, what high market penetration has done to energy costs, and what US wind projects might be doing better than those down under. (- what?! -)
That, of course, is just scratching the surface of a multi-layered discussion. Site selection, equipment, and OEM service agreements also come into play.
Also in this week’s podcast: a little foreshadowing as you’ll hear about some possible key guests at Wind Energy O&M Australia.
Register Now: Wind Energy O&M Australia
The two-day educational event with practical presentations, candid discussions, and information you can use the day you return to work, is held Feb. 11-12 at the State Library Victoria. Register today!
This technical conference focused on asset performance and profitability spearheaded by our own podcast host, Rosemary Barnes, is the place to get answers to your questions about operations, maintenance and budgeting.
What You Will Learn at Wind Energy O&M Australia:
How Australian wind farm operating costs compare to the USA and Europe
What to do to Reduce Blade Repair Costs through Preventative Measures
Which of the O&M best practices are really best for your operation
Repairs, Refurbishment, and Asset Performance of Gearboxes
Tips for working collaboratively with an OEM
Want to discuss sponsorship options or plan to meet up at the show? Contact us.
Note that while sponsorships are available for this not-for-profit event, sponsors cannot pay for presentation slots. All presenters are required to provide practical solutions to problems that owners face today.
Make the Data Make Sense
If you work in wind, you know that integrating data from a variety of sources can complicate decision making when it should enhance operational efficiency. SkySpecs CTO, Tom Brady, knows that too - and in a recent interview, he explained how SkySpecs is making the process, and the data, more helpful. Tune in.
Wind Farm of the Week
Our Wind Farm of the Week feature highlights some of the interesting ways wind operations are developed, and how they contribute more than “just” wind power to the communities they serve. See a few of the wind farms we’ve featured here.
The Wind News You Need
Keeping up with the wind is hard! Links below take you straight to the stories we discuss in this week’s Uptime episode. Find newsletters you may have missed here.
The Uptime Wind Energy Podcast is brought to you by Weather Guard Lightning Tech.
⚡️ NEWS FLASH 11/4/24:
🎤 New Interview:
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Wind Energy Stock Watch
Vestas (VWDRY) $5.83 USD
GE (GE) $175.26 USD
Siemens Energy AG (SMNEY) $42.53 USD
Goldwind (XJNGF) $.84 USD
Iberdrola (IBE.MC) €13.74 EUR
Nordex (NRDXF) $14.23 USD
Stock prices as of close Tuesday Nov 5, 2024. Note some stocks use OTC Delayed Price.
Stay informed: Each week we highlight wind energy news and the latest technology with insight from experts from around the world. If you learned something, please forward to a friend. If this newsletter was forwarded to you, subscribe now.
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