NewEnergyNews: Danish Software Finds Stronger, Cheaper Winds

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    Friday, September 02, 2016

    Danish Software Finds Stronger, Cheaper Winds

    A Danish Wind Turbine Maker Harnesses Data in a Push to Stay Ahead

    Stanley Reed, August 18, 2016 (NY Times)

    “A shelved wind project in Norway where winds were deemed too turbulent fo the expensive turbines was revived] with a lot of help from the mathematical calculations of Vestas Wind Systems, a Danish wind power company…Vestas used data to figure out how to use more powerful turbines for the project, and precisely where to place them. That meant the utility developing the facility could buy fewer turbines, helping cut costs and balancing the economics of the $1.2 billion project…[This is the forefront of efforts to keep] wind a competitive source of energy…[It] has become a model for the renewables industry…After the financial crisis and global downturn, Vestas struggled with costs that were too high…After three consecutive years of losses through 2013, Vestas returned to profitability in the first quarter of 2014. On Thursday, it reported second-quarter profit of 278 million euros, or $313 million, more than double the results a year earlier. Revenue rose 46 percent to €2.6 billion…The broader industry is in better shape, as well. The revenues of a group of eight large turbine makers, including Vestas, grew 17 percent last year to €27 billion…Producing wind power is also getting cheaper…” click here for more

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