Wind power, as a renewable energy for coping with global climate change challenge, has achieved rapid development in recent years. The breakdown of wind turbines (WTs) not only leads to high repair expenses but also may threaten the stability of the whole power grid. How to reduce the operation and the maintenance (O&M) cost of wind farms is an obstacle to its further promotion and application. To provide reliable condition monitoring and fault diagnosis (CMFD) for WTs, this paper presents a comprehensive survey of the existing CMFD methods in the following three aspects: energy flow, information flow, and integrated O&M system. Energy flow mainly analyzes the characteristics of each component from the angle of energy conversion of WTs. Information flow is the carrier of fault and control information of WT. At the end of this paper, an integrated WT O&M system based on electrical signals is proposed.