12 Sep '18, 1pm

North American #WindPower O&M Costs to Increase Nearly 40 Percent in Coming Decade, IHS Markit Says.

North American #WindPower O&M Costs to Increase Nearly 40 Percent in Coming Decade, IHS Markit Says.

Operations and maintenance (O&M) expenses for wind power assets will cost the industry about $7.5 billion annually by 2021, according to new analysis from IHS Markit (Nasdaq: INFO), a world leader in critical information, analytics and solutions. IHS Markit estimates the current North American wind O&M market is valued at approximately $5 billion to $6 billion annually, but is expected to exceed $8.3 billion by 2027, an increase of nearly 40 percent. In 2021, the industry will reach a critical turning point, as operating expenditure (OPEX) for the North American (United States and Canada) wind industry will, for the first time, eclipse capital expenditure (CAPEX), according to the 2018 IHS Markit Wind O&M Benchmarking in North America: Aging Turbines, Rising Costs – a study of O&M costs for North American wind power plants. The report is part of the IHS Markit Wind Power P...

Full article: https://www.altenergymag.com/story/2018/09/north-american...

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