Harnessing Data Analytics to Maximize Renewable Energy Asset Performance

Mofeoluwa Oyekan () and Joy Onma Enyejo ()

International Journal of Scientific Research and Modern Technology, 2023, vol. 2, issue 8, 64-80

Abstract: The global shift toward renewable energy has amplified the need for optimizing the performance of renewable energy assets, including wind farms, solar photovoltaic systems, and hydropower facilities. Data analytics has emerged as a transformative tool in driving efficiency, reliability, and sustainability in these energy systems. By leveraging advanced analytics techniques such as predictive maintenance, real-time monitoring, machine learning algorithms, and digital twin simulations, energy operators can enhance asset performance, reduce operational costs, and mitigate downtime risks. This review explores the integration of big data, Internet of Things (IoT), and cloud-based platforms in enabling proactive decision-making and performance forecasting. It also examines how data-driven strategies are improving energy yield predictions, extending equipment lifespan, and aligning asset management with sustainability and decarbonization goals. Furthermore, the study highlights case examples where analytics-driven optimization has accelerated renewable energy deployment and contributed to grid stability. Finally, the review identifies challenges such as cybersecurity threats, data interoperability, and the need for skilled workforce capacity, offering recommendations for addressing these gaps. Overall, this paper emphasizes how harnessing data analytics can redefine the operational landscape of renewable energy assets, ensuring scalability, resilience, and maximum return on investment in the transition to a clean energy future.

Keywords: Data Analytics; Renewable Energy Assets; Predictive Maintenance; Digital Twin Technology; Performance Optimization (search for similar items in EconPapers)
Date: 2023
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