Offshore wind energy — contractual risks and liabilities
The UK offshore wind energy sector has come a long way since the first offshore wind farm was completed in 2000 at Blyth Harbour in the northeast of England, with just two turbines totalling 4MW. A critical element of further expansion is to address the contractual interface between owners/developers and contractors early in the project lifecycle, so that risk and responsibility can be considered in detail and allocated.
When deciding which contracting strategy to use for the construction of an offshore wind farm, a project owner has a number of options. These include: an engineering, procurement & construction (EPC) contract; multi-contracting; and alliancing contracting.
In the context of offshore wind, each of the above options has advantages and disadvantages. An EPC contract, for example, may appear attractive to a project owner since its fixed price and relatively low risk makes it easier to finance. However, presently there are few offshore wind EPC contractors who are able and willing to take on the high level of risk involved — adverse weather and subsea conditions being just two of the perils. This can mean limited options and a high price tag for a project owner wishing to use this model…
If you are registered and logged in to the site, click on the link below to read the rest of the Ince & Co briefing. If not, please register or sign in with your details below.
Click on the link above to download briefing.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from Ince & Co
News from The Lawyer
Briefings from Ince & Co
The facts of the underlying dispute in Compania Sud Americana de Vapores A v Hin-Pro International Logistics are less interesting than the Court’s findings
December 2014 saw the first three convictions in the Sustainable Growth Group case, involving the fraudulent selling and promotion of investment products based on green biofuel.