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.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Ørsted aims to be number one on carbon capture

The utility hopes to win the Danish carbon capture and storage tender with a plan to capture 400,000 tonnes of CO2 by 2025 from the company’s biomass-fired combined heat and power stations.

Nordex downgrades forecast

The German turbine manufacturer has had a rougher start to 2022 so far than expected, prompting the company to downgrade guidance by EUR 200m at minimum.

Further reading

Related articles

Latest News

See all jobs