North American investment banks are scrutinizing Wind Energy Operations and Maintenance (O&M) while Federal Government debates a further extension of the Production Tax Credit
An extension of the Production Tax Credit (PTC) is extremely likely in the United States of America. However, while the Federal Government deliberates this, North American Utilities and Independent Power Producers (IPPs) are focussing particular attention to their aftercare strategies in an effort to drive profitability from the wind energy assets that are already in operation.
In response to this shift in the industry, manufacturers and providers of specialist O&M services are beginning to offer extremely valuable technologies at very competitive costs. Given the infancy of some of these companies, the financiers backing many projects are concerned that there may be a risk to their investment, so the question on the end of everyone’s tongue is what works, and where to find it.
Firms such as JP Morgan, Merrill Lynch, Goldman Sachs and Google are leading the pack and plan to share their insight on such investor related issues at the Dallas based Wind O&M Summit in April.
“With new business currently at standstill for much of the wind energy construction supply chain, we are pleased to see such movement in O&M” explains Wind Energy Update’s project director Elizabeth Demestiha. “Obviously there are challenges to be overcome as the industry matures, but as with any business, we will get through it and make it work”.
The Wind O&M Summit in Dallas is now recognized as the Americas most reputable and rewarding commercial business forum. Uniting decision makers from the industry’s most influential investors, operators,technology innovators, specialist service providers and R&D experts to develop winning O&M strategies, conduct business and to cement their company’s name in the growing industry.
Companies confirmed include NextEra, EDF, EDP Renewables, E.ON, BP Wind Energy, DTE Energy, Duke Energy Renewables, Acciona Energy, Alliant Energy, AES Wind, Infigen, Pattern Energy, Noble Power, NRG Energy, Transalta, Rio Energy, Kruger Energy, EverPower Wind, Globeleq, DNV GL, JP Morgan, Bank of America Merrill Lynch, Siemens, Gamesa, Suzlon, Broadwind and many more.
For more information on this event, speakers, agenda and workshop, visit the website: http://www.windenergyupdate.com/operations-maintenance-usa/
Elizabeth Demestiha
Project Director
Elizabeth@windenergyupdate.com