When Will You Do Your Wind Energy Project Investment Due Diligence?

Understand the technology issues, the operational risks and wind turbine reliability factors impacting your wind energy investment.

Wind energy project services to utilities, owner/operators, developers, original equipment manufacturers, engineering/procurement/construction firms, investment bankers, insurance carriers and others needing wind energy technology expertise and program management skills.

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Historically, firms performing due diligence on existing wind farm projects and proposed wind farms have focused on paper studies — conducting a design specification review — but not a thorough operating risk assessment of the wind farm power generation and distribution assets capability.

Lifetime Reliability Solutions (LRS) takes wind farm investment due diligence to new levels by not merely reviewing design specifications and operational risks in new wind power projects, but also conducting detailed on-site reviews of a wind farm’s present condition for new buyers. We understand the magnitude of wind farm investment decisions and the financial and project risks they contain. Because of our wind farm design knowledge and engineering experience LRS goes deeply into wind farm risk analysis and abatement by identifying both original design deficiencies and operating equipment deterioration over time.

Our goal is to provide buyers, investors, lenders and insurers with all the information they need to make an informed decision, reducing their risk and maximizing their return on investment in their wind energy project. As part of making a sound wind farm project investment you ought to also use Wind Farm Development Consultants to review the wind farm engineering and operational constraints, requirements and risks so that investors fully understand the true capability of the wind energy project to provide the investment returns expected.

Wind farm investment is complicated and technically challenging needing a specialist understanding of the Mathematics of Acceleration, Materials Selection and Failure by Metal Fatigue, Nacelle Corrosion, NEC/CEC Classification of Electrical Circuits, Equipment Failure Probability and Statistics, the Field Identification of Minerals, Rocks and Plate Tectonics and Earthquake Design.

LRS expert financial and operations risk analysis reduces wind farm acquisition and wind power project investment risk by performing comprehensive reviews in six categories of wind farm and wind energy project viability: (1) electrical, (2) structural, (3) mechanical and (4) material integrity, (5) equipment reliability and (6) electrical code compliance.

Wind Farm Acquisition Reviews and Wind Energy Investment Risk Analysis and Financial Risk Reduction

For each of the six wind farm categories, Lifetime Reliability Solutions will:

• Review design specifications.
• Evaluate historical records detailing maintenance, repair, replacement and modification.
• Examine documentation furnished to international certification organizations such as Germanischer Lloyd, TUV or other certification organization or nationally-recognized testing laboratory (NRTL).
• Perform onsite examination and non-destructive evaluation of randomly-selected wind turbines to determine the present condition of the wind farm.
• Use computer simulations to help identify and measure design deficiencies and deterioration with time and usage.
• Prepare a detailed assessment of the wind farm’s present condition emphasizing issues that need resolution with suggested solutions.

The categories of wind farm viability encompass:

• Electrical integrity (Assessment of the overall electrical system from generator to grid)
• Structural integrity (Evaluation of foundations, towers and blades)
• Mechanical integrity (Review of hub, shaft bearings, drive train, yaw system and selected welds)
• Material integrity (Review of construction materials for specification compliance, suitability and degradation)
• Equipment reliability (Analysis to determine predictive maintenance, failure projections and life assessment)
• Electrical code compliance (Examination of construction quality of electrical system)

Example Evaluation Methods that Protect Your Interests and Your Wind Power Investment Returns

In wind farm acquisitions and wind power projects investors can be sure that their wind energy project investment will be analysed thoroughly and deeply to expose both the project risks and the wind power investment opportunities that exist. A wide range of wind farm project risk analysis and risk abatement methods are applied.

• Multi-level Risk Matrix Management of Wind Energy Project Risks and Delays provide Proactive Investment Risk Abatement
• Comprehensive Wind Farm Operations Risk Abatement Strategy (We use our prorietary Enterprise Wellness Way operational risk reduction methodology)
• Collection System Layout Optimization Evaluation
• Wind Turbine Component Life Data Analysis and System Reliability Assessment
• Wind Turbine and Collection System Checklists for Investors
• Power Distribution Simulation (ETAP)
• Cable Sizing (CYMCAP)
• Partial Discharge Testing for Identification of Collection System Defects
• Dissipation Factor Measurement for Identification of “Water Tree” Damage in Cable
• Gearbox Oil Analysis for Chemical and Particulate Contamination
• Metallurgical Evaluation for Confirmation of Construction Materials (Physical, Mechanical, Chemical)
• Structural/Mechanical Integrity Determination (Finite Element Computer Modelling)
• NDT Evaluation (VT/OT, PT, MT, UT, ET, RT, AE/vibration, IRT, RFT) for Detection of Deterioration
• Code Compliance

Call us now, or email us, and ask what are the best ways to do your wind energy investment for maximum ROI with the best risk controls.

My best regards to you,

Bruce McLaughlin
Regional Managing Director
Lifetime Reliability Solutions USA

Our contact details are:

Cell and business phone: 864-430-2695

Email address: reliabilitysolutions@charter.net

Office hours: 8:00AM to 5:00PM