Why Get Your Data in Order? (Situational/Lifecycle)
Mergers & Acquisition Preparation
Between 2020 to 2021, the total value of M&A deals in the renewables sector almost tripled.
Ahead of any potential M&A activity, it’s therefore recommended that owners/operators have as much data available for wind fleets. This is because it delivers confidence to potential buyers and adds value to assets, much like a car with a full service history.
Crucially, it can also shorten lengthy due diligence processes, freeing up capital for the seller.
So, ahead of the coming windy season, it’s certainly in your interest to compile a full data trail of your fleet.
End of Warranty Claims
At some point, your full-wrap agreement with your turbines’ OEM will come to an end. This leads to a choice – sign up for a post-warranty service agreement, self-manage your fleet, or take a hybrid approach and work with a 3rd party.
If the decision is taken to either self-manage or adopt a hybrid model, then it’s vital for an owner/operator to know the ongoing condition of their asset in the long term. Even if there is no change of service strategy, selecting the correct end of warranty campaign provides a lot of reliability and performance reassurance for stakeholders going forward.
Typical end of warranty inspections (such as gearbox endoscopies) are quite limited in scope, often failing to identify potential early-stage damage or provide any information about the rate of damage progression. This makes it challenging to claim any damage on warranty before the OEM agreement ends.
However, a vibration monitoring expert can retrospectively date faults going back as far as 18 months. This will help with any end of warranty negotiations with the OEM, leading to far more amenable results.