Introduction to Offshore Wind Risk Management

• In-depth exploration of the offshore wind energy sector, focusing on technological advancements, environmental impacts, and the interplay of global market forces.
• Technical workshop: Analysing the complexity of offshore wind projects through case studies, focusing on environmental, technical, and logistical challenges.

Project Lifecycle Risks in Offshore Wind

• Comprehensive module on risk identification and management across all project phases, with a focus on technical and environmental risk factors.
• Interactive exercise: Participants conduct a risk analysis on a real-world pre-construction phase, examining challenges like site assessment and regulatory compliance.

Contractual Frameworks in Offshore Wind Projects

• Detailed examination of contract types in offshore wind, including in-depth analysis of risk clauses and allocation methods.
• Group activity: Negotiation simulation exercise to practice effective risk allocation strategies in contract scenarios.

Construction Contracts and Risk Management

• Technical deep dive into construction contracts, emphasising key risk factors like delay, cost overrun, and technical challenges.
• Case Study Analysis: Detailed review and discussion of a major offshore wind construction project, focusing on contract negotiation and risk management strategies.

Operational and Maintenance Contractual Risks

• Analysis of operational phase risks, including maintenance challenges, equipment reliability, and performance guarantees.
• Role-play activity: Managing liability and warranty disputes in operation and maintenance contracts.

Liability Allocation and Dispute Resolution

• Exploration of liability clauses in offshore wind contracts and effective strategies for dispute resolution.
• Case Study: Detailed walkthrough of a real-world scenario involving liability disputes and resolution methods in an offshore wind project.

Role of Insurance in Offshore Wind Projects

• Comprehensive overview of insurance options, including CAR and OAR policies, and their role in risk mitigation.
• Insurance policy analysis exercise: Evaluating existing insurance policies for offshore wind projects, understanding their strengths and limitations.

Bespoke Insurance Solutions for Specific Risks

• Workshop on designing custom insurance solutions, addressing unique risks specific to offshore wind projects.
• Case Study: Implementation and analysis of bespoke insurance solutions in a high-profile offshore wind project.

Risk Assessment Techniques and Tools

• Training session on advanced risk assessment methodologies and software tools specific to the offshore wind sector.
• Hands-on workshop: Participants conduct a detailed risk assessment on a hypothetical offshore wind project using specialised tools.

Policy Design and Insurance Strategy Integration

• Interactive workshop on crafting effective insurance policies tailored to offshore wind risks.
• Group project: Developing a comprehensive insurance strategy that integrates with contractual risk management approaches.

Interactive Sessions and Practical Exercises

• Scenario-based exercises on contract negotiation and risk allocation, enhancing practical skills.
• Policy design lab: Teams collaboratively design an insurance policy for a given offshore wind project scenario, followed by group presentations and feedback.

Conclusion: Applying Knowledge to Real-World Scenarios

• Comprehensive recap of the course’s key learnings, emphasising strategies and best practices in offshore wind risk management.
• Panel discussion and Q&A: Experts and participants discuss the application of course knowledge to address current industry challenges.