The invention relates to a system for monitoring wind turbine components including an independent data processing environment adapted to: receive a first category of data input related to operation of the wind turbine, process the received data input by one or more component specific monitoring algorithms adapted to establish an estimated component value related to a component to be monitored based on received first category data input having at least indirectly impact on the component, wherein the component specific monitoring algorithm is adapted to establish a component residual as the difference between the estimated component value and received first category of data input of the component to be monitored, and wherein the component specific monitoring algorithm furthermore is adapted to establish a component specific health value of the component to be monitored based on the established residual and put the health value at disposal for data processors outside the environment.