Managing Risk for Offshore Wind Projects

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?

Agenda details

(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.

Policy environments

·         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.

Emerging technologies

·         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

Construction

·         “Buildability” and the factors that determine it.

·         Construction and the supply chain, including innovations and recent learning.

·         Risk mitigation and key contracts.

Operations

·         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.

Risk review

·         An offshore wind risk checklist, from business planning to practical delivery

 Combine this with the essential 1-day “Floating Offshore Wind” business briefing“.

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This case is available online with remote face to face tuition.

Your company can benefit from this training now.

This course can be delivered alongside events, your office or any global location.

For an in-depth discussion tailoring support to your requirements

Mail: charley@charleyrattan.com

Call Charley 07702 023 354