A non-transitory computer readable medium comprising executable instructions, the executable instructions being executable by one or more processors to perform a method, the method comprising: receiving first historical sensor data of a first time period, the first historical sensor data including sensor data from one or more sensors of one or more components of any number of renewable energy assets, the first historical sensor data indicating at least one first failure associated with the one or more components of the renewable energy asset during the first time period; generating a first set of failure prediction models using the first historical sensor data, each of the first set of failure prediction models being trained by different amounts of first historical sensor data based on different observation time windows and different lead time windows, each observation time window including a time period during which first historical data is generated, the lead time window including a period of time before a predicted failure; evaluating each failure prediction model of the first set of failure prediction models using at least a confusion matrix including metrics for true positives, false positives, true negatives, and false negatives as well as a positive prediction value; selecting at least one failure prediction model of the first set of failure prediction models based on the evaluation of the confusion matrixes, the positive prediction values, and the lead time windows to create a first selected failure prediction model, the first selected failure prediction model including the lead time window before a predicted failure; receiving first current sensor data of a second time period, the first current sensor data including sensor data from the one or more sensors of the one or more components of the renewable energy asset; applying the first selected failure prediction model to the current sensor data to generate a first failure prediction of a failure of at least one component of the one or more components; comparing the first failure prediction to a first trigger criteria; and generating and transmitting a first alert based on the comparison of the failure prediction to the first trigger criteria, the alert indicating the at least one component of the one or more components and information regarding the failure prediction. receiving first historical sensor data of a first time period, the first historical sensor data including sensor data from one or more sensors of one or more components of any number of renewable energy assets, the first historical sensor data indicating at least one first failure associated with the one or more components of the renewable energy asset during the first time period; generating a first set of failure prediction models using the first historical sensor data, each of the first set of failure prediction models being trained by different amounts of first historical sensor data based on different observation time windows and different lead time windows, each observation time window including a time period during which first historical data is generated, the lead time window including a period of time before a predicted failure; evaluating each failure prediction model of the first set of failure prediction models using at least a confusion matrix including metrics for true positives, false positives, true negatives, and false negatives as well as a positive prediction value; selecting at least one failure prediction model of the first set of failure prediction models based on the evaluation of the confusion matrixes, the positive prediction values, and the lead time windows to create a first selected failure prediction model, the first selected failure prediction model including the lead time window before a predicted failure; receiving first current sensor data of a second time period, the first current sensor data including sensor data from the one or more sensors of the one or more components of the renewable energy asset; applying the first selected failure prediction model to the current sensor data to generate a first failure prediction of a failure of at least one component of the one or more components; comparing the first failure prediction to a first trigger criteria; and generating and transmitting a first alert based on the comparison of the failure prediction to the first trigger criteria, the alert indicating the at least one component of the one or more components and information regarding the failure prediction.