Contract Risk Management In Offshore Wind Construction

Registration And Morning Refreshments

Chair’s Opening Remarks

Ensuring Access to Compensation Funds For Loss Of Revenue From Grid Connection Delays

• Interpreting the 2013 entitlement regulations to avoid delays caused by ambiguity
• How to demonstrate correct compliance with regulatory requirements and avoid liability for grid connection delays
• Ensuring transparency in negotiations between developers and grid operators to demonstrate clear legal processes

Case Study: The Compensation - A Practical Review Of The "Leitfaden"

Grid Connections For Offshore Wind Farms - Experiences Of A TSO

• What is the current status of offshore grid connection projects in the German North Sea?
• What are the reasons for grid connection project delays?
• How can the risk of project delays be mitigated?

• What are the requirements to receive compensation payments?

Networking Break And Morning Refreshments

What Direction Do Current Standards For Offshore Wind Need To Move Towards?

• What is the influence of the different European Systems on your contracting strategy?
• Exploring the benefits of adapting standard form contracts to offshore wind: FIDIC, LOGIC, NEC, BIMCO, SUPPLY TIME
• How are standard form construction contracts adapted?
• How your contract base affects the practical and operational elements of your project?

Round Table Discussions

Select a break-out discussion group of your choice, hosted by a subject expert. Key points from each discussion will be shared with the room at the end of the session.

• Determining Developmental Risk For Offshore Projects: Facilitated by Marteen de Keijzer
• Interpretation Of Subsoil Analysis: What Are The Risks To The Project?: Facilitated by Kurt Thomsen, Global Head of Sales, CWind
• Reducing The Need For Contingencies Through Contract Type And Strategy: Facilitated by Alexander Kruse, Managing Director, CARNEADES GmbH & Co. KG
• Will The Use Of Alliancing Mechanisms Make Offshore Wind Projects More Bankable?: Facilitated by Dr Martin Brolsch, Commercial Project Director, Vattenfall

Networking Lunch

Direct Risk Assessment Of AEP, PPA, CAPEX And OPEX To CoE, IRR And NPV

• Collecting a group of assessment participants with different view points
• Making a three point assessment of AEP, PPA, CAPEX and OPEX
• Analysis of how this directly influences the uncertainty of CoE, IRR and NPV
• Adding new questions to the project, identifying unknowns

EPC Contracts: Will They Be The Best Model for Future Offshore Wind Projects?

• What is holding the industry back from adopting the turnkey contractor model?
• Is there enough of a margin in the industry for EPC to take a slice? What tariffs would the industry need in order to make this viable?
• What effect would an EPC model have on the successful financing of projects?
• How much supply chain activity can be brought in-house by EPC Contractors to reduce contractual interface gaps?

Frank Janse, Project Manager, Green Giraffe Energy Bankers

Panel Discussion: Introducing Greater Flexibility In Contracts To Reduce The Risk Of Delays

• What are the major reasons for project delays?
• Interface risk: how much of this can be accounted for by high penalty charges?
• Can a different contract strategy bring down project risks and costs? If so, what will this look like?
• Sharing risk along the supply chain to reduce unnecessary penalty costs

Chair’s Closing Remarks

Henrik K. Søndergaard, Senior Project Manager, Siemens Wind Power Offshore

Close Of Forum