WHAT’S WIND ASSET MANAGEMENT
Wind Asset Management consists of a broad set of activities, skills and responsibilities performed to operate wind farms efficiently. Simply put, these activities are systematically laid-out processes respecting the deployment, operation, upgrading, management, and disposal of wind assets.
If there’s one overarching goal a wind energy asset manager works towards, it’s the conversion of data into insights, and insights into action. By harnessing data, and then ultimately translating it into action, a wind asset manager can ensure that their projects are performing optimally.
What makes wind asset management so challenging is that this exercise isn’t performed in a static world. An adept manager always has to stay on top of innovation and change. Technological advancements, climate change, and commodity prices are just some of the many factors that influence the performance of a wind project.
You might wonder: to optimize the performance of a wind project, what choices should you make, and how should you manage your projects?
WHAT IS OPTIMAL WIND POWER?
When we talk about wind asset management performance optimization, we’re really referring to the production of high-quality, optimal wind power. Technically speaking, ‘quality’ refers to the frequency and voltage stability of the power generated by a turbine.
To determine stability, as a wind farm asset manager, you’d ask: ‘how much friction (loss) is surfacing in the grid connected to a wind farm?’
Yup, you got that right, the higher the friction, the lower the efficiency.
Wind power quality is an important factor in the conversation on renewable energy asset optimization. Wind managers and operators want to ensure that the power fed into a grid won’t cause disturbances.
To do so, they need advanced testing equipment, the latest monitoring technology, and real-time on-site data. These are essentials in a wind farm asset manager’s tool kit that bring us to the crux of this discussion: innovation & digitalization
HOW TO OPTIMIZE WIND PRODUCTION
It’s not so long ago now that turbines were only 80 feet tall, produced 25-80 KW of power, and had maximum capacity factors of 20%. Sophisticated turbine technology has now taken those 80-feet steel towers to newer heights, and newer grounds, quite literally.
From onshore to offshore, on-ground to off-in-the air BAT turbines, incremental innovations have completely transformed the wind asset management landscape.
Talking of incremental changes, it’s worthwhile to note that seemingly unnoticeable improvements in blade design, gearbox functionality, and generator sizes are the true drivers of efficiency. They pave the way to 98% uptime, very little friction, and soaring thresholds of optimization.
Smart wind farm asset managers invest time and resources into selecting the right turbines (and related equipment), technology, and software.
WIND PROJECTS AND DIGITALIZATION
It’s not just about selecting the right wind turbines, and considering the technological innovations described above. It’s also about implementing processes and systems within wind asset management to complement the turbines.
This is the foundation of true optimization.
For example, efficiency & power quality are strongly tied to exactly how well you’ve managed to digitalize your day-to-day asset management. Choosing a software that can handle large volumes of data, automate repetitive tasks, and provide end to end support is essential.
Remember your primary goal as a wind asset manager? That’s right: you want to make the right choices for equipment and processes, so you can accumulate data and act on it. Digitalization has an important role to play in pursuing this goal.
As you manage wind assets, there will always be plenty of questions. How healthy is my wind portfolio? Am I meeting my budget targets? How easily can I generate reports and invoices?
Performance, output, and maintenance integrations offered by a robust wind asset management platform will help answer these questions. Moreover, they allow a wind asset manager to leverage the innovations we talked about to keep turbines up and running.
Reaping the benefits of these insights, wind farms can then scale in size, implement smart operational strategies, and ensure the production of high-quality power.
Let’s Learn Together
How’s that for a short & sweet lesson on wind asset management? You have questions. We like teamwork. So, let’s learn together.
Sign up for our monthly newsletter for insightful content, latest trends and news on wind asset management.