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Press Releases

RES ASSET MANAGEMENT DELIVERS 1% EXTRA ON INDUSTRY STANDARD, REVIEW SHOWS
Mar 6, 2019
--- Saving equivalent to £1m additional revenue on an average 40MW wind farm ---

Wind farm assets managed by RES perform 1% better than industry standard, according to a report published by DNV GL this week.

RES commissioned DNV GL to review a portfolio of 22 wind farms in the UK and France to benchmark performance against industry standard. 

The results show that RES’ asset management processes and capabilities in the UK, Ireland and France have resulted in higher availability figures than industry standard.

On an average 40MW wind farm, that 1% efficiency equates to an additional £1m revenue over the project lifetime.

Darren Cook, Head of Asset Management, from RES said:We commissioned the DNV GL report not just to see how we benchmark against the competition, but to understand how we can make more improvements and deliver even lower cost energy to our customers and, ultimately, to the consumer.

“Everyone at RES has an eye on how we can make assets perform more efficiently for our many customers. It’s pleasing to see that this focus on delivering above expectation and innovation is having significant positive impact for our customers.

We have already seen onshore wind become the cheapest form of electricity and as technology, systems and procedures continue to improve that cost will come down further.”

DNV GL’s review showed that RES’ asset management processes, tools, commercial agreements and personnel capabilities combine to ensure greater turbine availability figures.

Keir Harman, Renewables Operations Director from DNV GL said: “Our review and findings of RES’ portfolio are a sign of confidence for investors and an endorsement of RES being able to deliver a lower cost of energy for its customers.  In fact, our independent review actively demonstrates that RES-managed projects in the UK, Ireland and France are performing measurably higher than the industry standard.

“With dramatic growth and investment becoming increasingly complex in a subsidy free environment, it is evident that wind farms benefit from increased investment and innovation in operations.”

The 22 wind farms assessed provide a subset of the entire fleet asset managed by RES and the evaluation includes assessment of wind farm availability and performance metrics.