The project, called “Poseidom”, has a total budget of €643,703 financed by the Ministry of Economy and Competitiveness within the 2016 Challenges-Collaboration program.
Offshore wind farms currently pose a high risk to investors due to small profit margins, as they still rely on subsidies. Furthermore, production depends on wind speed, and Operation and Maintenance (O&M) depend on sea conditions allowing access to the turbines. For example, the daily base cost of a vessel transporting 12 technicians to a turbine, navigating through waves up to 2 meters high, exceeds €6,000. In these situations, the order of magnitude changes when transporting materials or carrying out major repairs. In the case of a jack-up vessel, the mobilization cost is around €800,000, and the daily rate can be approximately €140,000, according to data from the European Leanwind project. New concepts for service and construction vessels are currently being developed to reduce costs. In any case, the figures vary considerably depending on the type of contract, the wind farm's location relative to the port, vessel availability, and the season. Therefore, predictive maintenance together with logistical optimization are key to reducing OPEX and therefore the levelized cost of energy (LCoE) generated by offshore wind farms.
During 2016, the offshore wind industry installed 1,558 MW of new capacity in Europe, reaching a total cumulative capacity of 12,631 MW. Costs associated with the operation and maintenance of offshore wind farms account for up to 25% of total costs.
 The success of the Poseidom project will allow for the optimization and improvement of strategies and equipment to achieve considerable cost savings.
In collaboration with the Cantabria Hydraulic Institute (IHCantabria) and the marine energy company EnerOcean, Ingeteam aims to reduce the operational and financial risks associated with offshore wind farms. To this end, the Poseidom project will develop an innovative decision support tool with the following capabilities:
1. Analysis of meteo-oceanic conditions in offshore wind farms.
2. Analysis of transportability to the park by marine means.
3. Analysis of the safe transfer between ship and platform.
4. Comparison of accessibility to parks and transfer of technical personnel between the different types of platforms, both fixed and floating.
5. Identification of market niches using an O&M atlas.

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