This course is available online with remote face to face tuition.
An essential briefing to identify, plan for and manage a variety of risk factors; from external market and policy environment to internal project development and operations.
How to plan a project today that will enter the electricity market of tomorrow?
(The agenda as shown below is designed to run over 2-days)
Offshore wind today
· A review of market growth and key geographies, current and emerging.
· The evolution of offshore wind farms and their components.
· The changing competitiveness and market fit of offshore wind.
Risks & returns
· Understanding the financial model and its key variables; including performance, costs & financing structures.
· Illustration: a simplified, Excel-based financial model.
· A framework for linking issues of risk back to the business and investment case.
· Selling offshore wind: auctions, utilities, corporates & markets.
· Differentiating “subsidy” from “support” (and why it matters).
· The policy and socioeconomic drivers behind offshore wind.
· Targets and licensing plans.
· Support sustainability and future policy risks.
· Getting bigger: the implications of 10MW+ turbines.
· Floating turbines are a game-changer: where are they up to?
· Integrating sister technologies: “offshore energy parks”
· Energy storage: why, what and where?
· Interconnection growth, including shared offshore grids.
Risk & Project Development
· The end-to-end process of creating an offshore wind farm, including realistic timescales (and influences).
· Identifying key points of risk, along with their impacts.
· Understanding grid planning and requirements.
Permitting & The Rochdale Envelope
· Incorporating uncertainty and strategic thinking into the planning & permitting process.
· Scenario mapping and testing to define cases for consent.
· Stakeholder management and guidance.
· Arriving at a final, risk-minimised project design
· “Buildability” and the factors that determine it.
· Construction and the supply chain, including innovations and recent learning.
· Risk mitigation and key contracts.
· Identifying the impact of key market, development and construction failures on the operational phase.
· Reducing O&M risk: innovations and best practices.
· Repowering and decommissioning, planning and implementation.
· An offshore wind risk checklist, from business planning to practical delivery
Combine this with the essential 1-day “Floating Offshore Wind” business briefing“.