Contact Risk Management In Offshore Wind Construction

Contract Risk Management In Offshore Wind Construction: Europe

CRM Europe - Day 1 - Tuesday 30 September 2014
08:30

Registration And Morning Refreshments

09:00

Chair’s Opening Address

Thomas Arensbach, Head Of Offshore Projects UK, Siemens
09:15

OEM Keynote: The Current State Of Contract Risk In Offshore Wind Construction

Dr. Jürgen Cloppenburg, Head of Legal, Siemens Wind Power, Offshore
10:00

Financial Keynote: Assessing the Offshore Wind Market From A Financier’s Perspective

  • What are the major risks in an Offshore Wind project from a financier’s point of view?
  • What are the main options for reducing project risk and improving profits?
  • How far does the offshore industry have to advance before its technology is perceived as safe an investment as onshore wind?
  • Assessment of the future maturity of the offshore wind market
Carmen Marín Romano, Project & Acquisition Finance – Energy & Natural Resources, Santander Global Banking & Markets
10:45

Networking Break And Morning Refreshments

11:15

Ensuring Best Practice Contract Preparation For The Financing Stage

  • Early evaluation of funding markets in project development
  • Best practice consultation and negotiation with a financial institution to minimise contract delays
  • Reaching agreement on the banker’s inspection rights and other finer contractual details
Pierre Lestienne, Project Director (Finance), Nordsee One Offshore Wind Farm, RWE
11:45

Aligning Different Contract Risk Models For More Efficient Cooperation Between Financiers And Developers

  • Understanding points of difference in the perspectives of utilities, investors and insurance
  • Overcoming frustrations on finer contract details such as inspection rights
  • How can parties collaborate to improve smoother contractual processes and boost confidence?
12:15

Networking Lunch

13:15

New Ways To Manage The Weather Risk

  • Hedging weather risk with financial products - new developments and techniques
  • Issues in designing and executing your weather downtime protection
  • Changing the risk allocation by buying risk protection in the weather market

Stuart Brown, Director and Head of EMEA – Asia/Pacific Origination, Weather & Energy, Swiss Re Corporate Solutions

13:45

Panel Discussion: What Is The Best Model For Determining Fair Weather Risk Allocation?

  • Overcoming delays in project delivery caused by unevenly prohibitive risk allocation
  • Assessing the pros and cons of statistical weather and P0 models
  • Determining the best approach to contract risk sharing within lump sum agreements

Panellists include:
Dr. Benjamin Miethling, Risk Manager - Offshore Wind Development Projects, RWE Innogy
Gunther Amt, Risk Manager, RWE Innogy
Christian Simonis, Contract Manager, Areva
Stuart Brown, Director and Head of EMEA – Asia/Pacific Origination, Weather & Energy, Swiss Re Corporate Solutions

14:45

Networking Break And Afternoon Refreshments

15:15

Analysing The Contract Interface To Ensure Maximum Efficiency, Meet Project Obligations And Define Party Liability

  • What is best practice when it comes to managing your contract interface?
  • What are the typical gaps that arise?
  • How to ensure understanding of contractor challenges when issuing procurement contracts
  • Ensuring a high level of built-in capacity in your interface to deal with delays across different packages
  • Contracting for the life-cycle of your project
Arthur Uijterwijk, LCD Manager, Van Oord Offshore Wind Projects BV
16:00

How Can Risk Be Best Allocated Between Different Packages To Prevent Knock On Delays And Carry-Over Risk?

  • Pros and cons of multi-contract versus package-based approaches
  • At what stage should the contractor be brought on board for a project?
  • Assessing the effectiveness of current buffers between packages
  • Smoothing out interface management issues between packages
Ernst van Hulten, Director, Jump Engineering BV
16:30

Joint Question And Answer Session

Arthur Uijterwijk, LCD Manager, Van Oord Offshore Wind Projects BV
Ernst van Hulten, Director, Jump Engineering BV
16:45

Chair’s Closing Remarks

Thomas Arensbach, Head of Offshore Projects UK, Siemens
17:00

Close Of Forum

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