Research on Insurance Pathways for Floating Offshore Wind
Offshore Renewable Energy Catapult · Awarded contract
AwardedResearch on Insurance Pathways for Floating Offshore Wind
Awarded 30 Apr 2024
Awarded30 Apr 2024
Value£38,125.00
SupplierRenewable Risk Advisers Ltd
RegionUnited Kingdom
CategoryResearch & Development
Ended 1y 7mo ago11mo term
Awarded 30 Apr 2024Expired 30 Mar 2025
About
Offshore Renewable Energy Catapult awarded a contract to Renewable Risk Advisers Ltd for a research project on floating offshore wind (FOW) insurance.
The project quantified the financial implications of key risks for FOW projects, including potential claim frequency, impact, and resolution costs.
It built on prior work to outline viable pathways to insurability for commercial-scale FOW, addressing critical concerns for insurers and identifying mitigation strategies.
The contract value was £38,125.
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