On this week’s episode of #TruthtoPower, IntelStor's Founder & CEO, Philip Totaro deconstructs the trend in rising O&M costs for wind energy in Australia, and how they compare to other countries around the world.
Australia faces a shortage of workers with the skills to build and maintain wind farms, resulting in higher wages and recruitment costs. Those costs get baked into the prices paid by asset owners for services.
IntelStor took a look at the production adjusted maintenance cost over time for wind energy assets in Australia. While overall maintenance costs are rising, with the new national average at AU$9.22/MWhr, some wind turbine OEMs offer better value for money over a long- term project duration.
Another trend to notice is how quickly the costs escalate. A brand new project will see O&M costs double in just over 10 years in Australia. In markets such as the USA, the maintenance cost peer MWhr produced doubles after 20 years in operation.
Have a listen today, and get in touch with your best questions about the renewable energy market in Australia, or any other country around the world.
This show examines data driven insights for the energy sector, with a focus on renewables. To subscribe to IntelStor Research Notes and get early access to our latest content as well as these Truth to Power weekly editorials, visit https://lnkd.in/grfixJn
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