Operation and Maintenance Contracts for Wind Turbines

Operation and Maintenance Contracts for Wind Turbines

Green Energy and Technology, 2014

Owners of wind parks often outsource operation and maintenance (O&M) of their assets. This chapter addresses the fundamental negotiating issues of wind turbine O&M contracts. We develop a conceptual mathematical framework to support the analysis and design of O&M contracts. The framework is used to investigate mechanisms through which incentives perceived by O&M contractors can be aligned with the objectives of wind park owners in both the short and the long terms. This alignment ensures that the negotiated contracts are part of a general strategy for maximizing the value extracted from wind turbines over their lifetime.