Aging US Wind Energy Fleet Needs O&M Investments

Forecast of weighted average age of installed wind capacity, United States and Canada. (Source: IHS Markit)

IHS Markit estimates total O&M spending for the wind energy sector will exceed $40 billion, cumulatively, from 2015 to 2025.

Official Press Release IHS Markit :

Aging US Wind Energy Fleet Driving Surge in Operating and Maintenance Spending, IHS Markit Says

Industry-wide North American benchmarking study aimed to help operators optimize assets, manage lifecycle costs as equipment ages

The North American wind energy market is aging—the majority of installed wind-turbine equipment averages more than five years in age, and operations and maintenance (O&M) expenses cost the industry $3 billion to $4 billion annually, according to a new benchmarking study by IHS Markit (Nasdaq: INFO), a world leader in critical information, analytics and solutions. IHS Markit... ... More: Official Press Release IHS Markit