Classroom session

26-29 Feb 2024

Copenhagen, Denmark

Classroom session

27-30 May 2024

London, UK


Classroom session

26-29 Aug 2024

Edinburgh, Scotland, UK

Classroom session

04-07 Nov 2024

Sydney, AUS

26-29 Feb 2024

Copenhagen, Denmark

27-30 May 2024

London, UK

26-29 Aug 2024

Edinburgh, Scotland, UK

04-07 Nov 2024

Sydney, AUS

Course Summary


  • course overview

  • LEARNING OBJECTIVES

  • course audience

Course Summary

Day 1: Introduction to Offshore Wind Risk Management

Understanding the Project Value Chain

Offshore wind projects are complex endeavours that require a clear understanding of the project value chain. This section delves into the key elements that make up the value chain, from initial conception to energy generation.

Structure and Financing

Discover the intricacies of financing offshore wind projects. Explore the various financial models, such as project finance and corporate finance, and understand how they impact the industry's growth.

Environmental Attributes

Learn about the environmental attributes that make offshore wind a sustainable energy source. Discover how these attributes contribute to the overall appeal and viability of such projects.

Role of Renewable Regulations

Explore the role of renewable energy regulations in offshore wind projects. Understand the legal framework that governs this sector and its implications for stakeholders.

Role of Subsidies

Delve into the world of subsidies for offshore wind projects. Learn how these financial incentives influence the industry and what stakeholders need to know about them.

Project Risk Management

Risk management is a critical aspect of offshore wind projects. Uncover the strategies and methodologies used to identify, assess, and mitigate risks throughout the project's lifecycle.

Risk Assessment

A deep dive into the risk assessment process, including methods and tools used to evaluate and quantify risks. Learn how these assessments drive decision-making in offshore wind.

Financial Risk Metrics, including IRR

Understand the financial metrics used in assessing the profitability of offshore wind projects. We explore the concept of Internal Rate of Return (IRR) and its significance in this context.


Day 2: Financial Yield Risks and Mitigation Strategies

Business Case Risk

Discover the potential risks associated with the business case for offshore wind projects. Learn how market dynamics and competition affect the overall business viability.

Electricity Price Risk

An exploration of the risks associated with fluctuating electricity prices, and how these risks can impact the profitability of offshore wind projects. We cover scenarios like low wholesale prices and negative electricity prices.

Inflation Risk

Understand the implications of inflation risk on long-term projects like offshore wind. Learn how mitigation strategies are essential to manage this financial risk.

Volume Risk

Volume risk, in terms of energy generation and consumption, can be a challenge. Find out how offshore wind projects address this risk to ensure steady revenue streams.

Additional Financing and Revenue Risks

Explore additional risks tied to financing and revenue generation. We'll discuss the complexities involved in securing financing and generating revenue, along with effective mitigation strategies.

Mitigation Strategies

Discover a range of strategies that mitigate financial yield risks. From internal and external sales strategies to innovative financing approaches, we delve into effective ways to secure project viability.


Day 3: Construction Risks and Mitigation Strategies

Construction Phase Risks

The construction phase of offshore wind projects is fraught with various risks, including Health, Safety, and Environment (HSE), supply chain, and transportation risks. We'll explore these in detail.

Mitigation Strategies

Learn how offshore wind projects tackle construction risks through careful design and procurement strategies. Find out how securing the supply chain is vital for project success.


Day 4: Operations Risks and Mitigation Strategies

Operations Phase Risks

Explore the challenges and risks faced during the operations phase. This includes HSE concerns, energy yield, and the functioning of technology in offshore wind projects.

Mitigation Strategies

Discover how effective operations and maintenance (O&M) strategies are essential to ensure the ongoing success of offshore wind projects. We'll also delve into optimising accessibility and financial management.

This comprehensive guide offers insights into various risks associated with offshore wind projects and the strategies to mitigate them across their lifecycle. Offshore wind energy is a promising source of sustainable power, and understanding how to manage its unique risks is essential for industry professionals and stakeholders.


Conclusion

Offshore wind risk management is a complex and dynamic field. As the industry continues to grow, so do the challenges and opportunities. This course has provided a detailed overview of the risks and mitigation strategies across the lifecycle of offshore wind projects. By addressing these challenges effectively, the industry can continue to thrive and contribute to a more sustainable energy future.

Questions about the course?


Why don't you schedule a free Microsoft Teams meeting with one of our advisors at your convenient time?

Course Fees


Virtual Sessions

All our courses are available virtually using MS Teams & Zoom platforms. Kindly refer to our 2024 calendar for dates & time zones


£

1,990

Classroom Sessions

All our classroom sessions are held in different cities around the world. Kindly refer to our 2024 calendar for dates & locations

  • 7 to 8 Hours per day
  • 1 Hour Lunch break with Morning & Afternoon breaks
  • Superfast wifi during the course
  • Held in Five star hotels 
  • Held in different cities around the world

£

3,500

In-House Solution


All our courses are available In-House and can be tailored to your specific needs. If you are interested in having this course In-House either in your office or in any location of your choice, please complete the form below and one of our advisors will be in touch with you shortly.

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