How to Manage End-of-Life and Obsolete Technology in Renewable Energy
Snapshot
- Proactive Maintenance and Monitoring: Implementing predictive, corrective, and proactive maintenance, supported by condition monitoring systems, helps identify potential failures early and ensures ongoing operational reliability, even for aging technology.
- Life Extension and Retrofitting: Extending the operational life of renewable assets through retrofitting, upgrades, and collaboration with Original Equipment Manufacturers (OEMs) can be a cost-effective way to maintain performance and defer costly replacements.
- Strategic Spare Parts Management: Effective planning for spare parts – including sourcing, validating non-OEM components, and leveraging independent suppliers – mitigates risks associated with equipment obsolescence and supports long-term asset availability.
As renewable energy projects age and technology evolves rapidly, managing end-of-life and obsolete equipment has become a significant risk exposure for asset owners and operators. This whitepaper provides actionable insights into preventive maintenance, condition-based techniques, and effective spares management strategies tailored for the renewables sector. It also highlights the role of new technologies, such as AI-driven analytics, in improving reliability and mitigating downtime for older assets.
Whether you’re planning for asset life extension, navigating the complexities of obsolete components, or seeking to optimise your operations, this paper delivers practical guidance and expert perspectives to help safeguard and enhance the value of your renewable energy investments.
Download the full paper to learn how you can proactively manage obsolete technology risks and future-proof your asset portfolio.
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This content originates from a session delivered at Aon’s 3rd Renewable Energy Insights Forum 2025 on 18 March 2025, in our Aon Sydney office.
If you have any more questions about the insurance market for renewable energy, please contact Richard Nunny, Head of Renewables Energy, APAC at richard.nunny@aon.com or Pat Behan, Head of Renewables Energy, Australia at pat.behan@aon.com.
