The first generation of wind turbines is now approaching retirement. Developers across Europe, the US and China thus find themselves at a crossroads: should they refurbish and extend the life of existing wind fleets, or dismantle them and build new projects from scratch? Wind technology has evolved considerably over the last 20 years, maintenance costs can be steep, and new projects generally boast bigger turbines with far greater capacity. However, the dismantling of older projects incurs significant costs, the regulatory approval process for new projects can be intricate, and the disposal of turbine components often presents an environmental and logistical challenge. On today’s show, Dana Perkins is joined by co-host Kobad Bhavnagri, BloombergNEF’s global head of strategy. Together, they speak to Oliver Metcalfe, BNEF’s head of wind research, about the research note “Wind End of Life 2025: Global Repowering Surges by 2035.”
Complementary BNEF research on the trends driving the transition to a lower-carbon economy can be found at BNEF<GO> on the Bloomberg Terminal or on bnef.com
Links to research notes from this episode:
Wind End of Life 2025: Global Repowering Surges by 2035 - https://www.bnef.com/insights/37547
See omnystudio.com/listener for privacy information.