Abstract

Abstract Prognostics and Health Management (PHM) technologies have been introduced into wind turbines to forecast the Remaining Useful Life (RUL). PHM with RUL predictions enables predictive maintenance for wind turbines prior to failure, thus avoiding corrective maintenance that may be expensive and cause long downtimes. For a wind farm managed using a power purchase agreement (PPA), a simulation-based European real options analysis model is used to schedule predictive maintenance by maximizing the predictive maintenance option value. For multiple wind turbines indicating RULs concurrently, the predictive maintenance value for each turbine depends on the operational state of all the other turbines, the amount of energy delivered, and the energy delivery target, prices and penalization mechanism for under-delivery defined in the PPA. A case study is presented in which the optimum predictive maintenance opportunity is determined for a wind farm managed using a PPA. To the authors' knowledge, this is the first wind farm maintenance model including a PPA, and the case study demonstrates that the optimum predictive maintenance opportunity for a PPA-managed farm is different from the same farm managed using an “as-delivered” contract, and also differs from the optimum predictive maintenance opportunities for the individual turbines with RULs managed in isolation.

Full Text
Published version (Free)

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call