Case Study

ECN uses @RISK to determine the economic feasibility of offshore wind farms – Palisade

ECN uses @RISK to determine the economic feasibility of offshore wind farms – Palisade

Pages 5 Pages

Customers & Industries: ECN Industry: Utilities Product(s): @RISK Application: Financial analysis of off shore wind farms Summary Palisade’s risk analysis software @RISK is being used by energy research organisation, ECN, to determine whether off shore windfarms are financially viable from an operation and maintenance perspective. In particular, the turbines are subjected to more severe weather conditions than those faced by their onshore equivalents which, coupled with their location, makes repair and maintenance time-consuming and expensive. Before progressing with a project, operators want to understand the cost implications of the long downtimes that are currently unavoidable in the industry. @RISK Home Customers & Industries ECN The @RISK model can handle vast amounts of data and pres

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