Unexpected and increasing wind turbine failure rates, largely in newer and bigger models, are savaging the profits of some of the world’s biggest manufacturers, as Siemens Gamesa, GE and Vestas report heavy repair and maintenance losses.
Faulty components created a €472 million ($A28 million) hole in Siemens Gamesa’s December quarter result, making up more than half of the nearly billion-euro loss for the period. Of that total, €187 million was due to a reduction in revenue with the remainder due to warranty provisioning.
The wind turbine maker said a “negative trend” of failure rates from turbines are causing higher than expected maintenance costs and warranty call-outs. It did not specify which components are affected.
Siemens Gamesa ended the year with a quarterly loss of €884 million ($A1.4 billion), more than double that of the same period the prior year, and net debt of €1.9 billion. https://reneweconomy.com.au/wind-turbine-failure-rates-are-rising-has-the-industry-gone-too-big-too-fast/
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