Condition Monitoring Systems (CMS) are used by original equipment manufacturers (OEMs) to manage defect and availability warranty obligations. Whilst this information provides benefits for asset managers and owners it isn’t often detailed enough for them to gain a holistic view of the health of assets, which is where independent condition…
BNEF Summit London
by RES | Aug 11, 2023 | Reading time: < 1 min
The BNEF Summit provides the ideas, insights and connections to formulate successful strategies, capitalize on technological change and shape a cleaner, more competitive future.
Event date: 10 – 11 October 2023
Location: London, UK
RES speakers: Richard Russell, RES CFO
Event website: https://about.bnef.com/summit/london/
Wednesday, 11 October 2023, 15:25
Is Wind Still a Profitable Industry?
Wind power is an essential technology for achieving net-zero emissions. But expected build is now far short of the targets in most countries in Europe and abroad. High interest rates and supply chain constraints are putting pressure on industry profitability, and several offshore developers are looking to renegotiate government offtake contracts amid rising costs. Still, ambition around wind continues to ratchet up and developers are keen to find solutions for the near-term bottlenecks. This panel reviews the specific challenges facing the wind industry and how it can return to growth.
- Richard Russell, Chief Financial Officer, RES
- Stephane Dubos, Managing Director | Head of Power & Renewables, Energy Transition & Natural Resources Industry Group, Natixis
- Morten Dyrholm, Global Senior Vice President, Vestas Wind Systems
- Grzegorz Gorski, Chief Operating Officer, Ocean Winds
- Moderator: Luisa Amorim, Wind Analyst, BloombergNEF
Although turbines have produced a high frequency of data for the best part of two decades, it has remained largely untapped by asset owners for optimising their assets’ performance
Five ways automation will change the wind industry: from turning autonomous turbines into high performing teams to sending in the bladebots
We look at five striking ways that automation is creating positive change in the performance of offshore and onshore wind.