Turbine monitoring is lucrative for Danish entrepreneurs

Global growth in offshore wind turbines and aging wind farms in Germany and southern Europe mean plenty of work for Danish supplier Gram & Juhl. The CEO does not rule out a potential sale of the business in the future.

Photo: LM Wind Power

When an onshore wind turbine is out of order it generates major costs for the owner or operator. This cost is even greater when it comes to offshore turbines. As such, good money can be made offering continuous, smart monitoring of the turbines, enabling maintenance and service before the blades stop spinning.

For years, Danish supplier Gram & Juhl has been in the business of measuring wind turbine strain and monitoring service needs on the installations. The company has seen a vast improvement in earnings in recent years, and in the annual report for the fiscal year 2015/2016, published in November, the company booked earnings before taxes of DKK 27 million (EUR 3.6 million) on a gross profit of DKK 39.6 million. Earnings before taxes were just DKK 16 million in the previous year.

Read the whole article

Get 14 days free access.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Equinor says renewables still maturing

Like most other oil firms, Norway's Equinor aims to become greener. But the maturation of its renewable energy portfolio impacts the company in Q2, which sees a deficit of USD 31 in renewables.

The 'new' Seadrill estimated to be worth USD 1.2bn

SEB evaluates that the recently restructured Seadrill will have a fair equity value of about USD 1.2bn. Since the news of the restructuring broke over the weekend, the Seadrill stock price has only plummeted.

Further reading

Related articles

Trial banner

Latest News

See all jobs