Press releases

New condition monitoring lease program promises faster path to significant O&M cost reduction

Wind O&M Summit 2015, Dallas, 14 April 2015 - Moventas introduces a financial solution that eliminates financial obstacles to condition monitoring retrofits and creates a one-stop-shop for wind farm owners looking for a complete service offering.

Moventas North America is proud to introduce an innovative financial solution with their Condition Monitoring Lease Program that converts the upfront installation costs for condition monitoring into an affordable monthly payment for wind farm owners. Additionally, this financial innovation translates condition monitoring from a hardware only business to a complete life-cycle service.

Developed by Moventas, CMaS condition monitoring service maximizes gearbox life with early detection of mechanical problems through remote, real-time monitoring of gearbox vibration, oil condition, and temperature. A strong majority of all new wind turbines are sold with advance condition monitoring on the drivetrain, but unfortunately, a large majority of the existing fleet of forty thousand wind turbines were built without this valuable technology and owners find it difficult to afford and deploy.

“The lease payment removes barriers to the deployment of condition monitoring hardware,  24/7 analysis by expert technicians, nationwide multi-brand boroscoping and a complete suite of lower cost multi-brand up-tower repairs for the North American fleet,” said Mike Grunow, Vice President of Sales and Marketing, Americas at Moventas.  

Currently, wind farm revenues are down due to lower electricity prices, and these farms typically cannot afford the upfront costs to retrofit the existing fleets with condition monitoring capability.  However, today’s low interest rates enables low cost operational leases of this kind of equipment. Leveraging the innovative leasing structures that are prevalent in other industries spreads the cost out over multiple years for the wind farm owner.

“Outside of Moventas’ comprehensive offering, a wind farm owner would have to contract with at least four separate entities for condition monitoring, the lease, follow on boroscope inspections, parts and repairs. Having all of these under one roof enables access to lower cost repair savings and less downtime for wind farm owners,” said Grunow.

Moventas is currently monitoring over 2 gigawatts of wind turbines globally and has repaired over 1500 multi-brand wind turbine gearboxes in North America alone. We understand the major failure modes of most gearboxes in the fleet, and we are able to tailor to locate and sniff out the major failure modes of each gearbox brand and model.  The Moventas condition monitoring Lease Program unlocks the extensive operating savings afforded by Uptower repairs to all wind farm owners at an affordable monthly price with zero down upfront.

More information: Mike Grunow, Vice President, Sales and Marketing, Americas Service, tel. +1 630 841 8710 / mike.grunow@moventas.com
Picture requests: Emmi Berlin, Manager, Marketing and Communications, tel. +358 400 903260 / emmi.berlin@moventas.com

Moventas North America is a pioneering multi-brand wind drivetrain service company with over 35 years of wind turbine gearbox design, manufacturing and service experience.. Our comprehensive suite of wind drivetrain services covers over 85% of the installed wind fleet with shop repair, less expensive up-tower repair along with the monitoring and inspection services to lower our customers cost of electricity. Our four service and manufacturing facilities in North America are all located in the main wind energy corridors and offer fast and responsive services. For all of your wind drivetrain service needs, call 1-844-GEARFIX (1-844-432-7349). Read more at www.moventas.com.

About Moventas

Moventas is a wind gearbox technology expert and service provider. Moventas’ technology strives for lowering the cost of energy across the lifecycle of wind energy generation, from superior gearbox design and manufacture to extensive multi-brand service for 20 different turbine brands' gearboxes globally.