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TenneT "Offshore All Risk Program" - Property Damage Insurances for Offshore Assets

Buyer: TenneT TSO GmbH

Published
10 June 2024
Estimated value
€0
Place of performance
DE242
Procedure
Negotiated procedure
Lots
1
Documents
1
Notice number
00341316-2024
Reference
8e9eae6f-928f-4698-9e2f-f41211427a50
Official source
Official source

CPV codes

Description

General Description TenneT intends to procure insurance cover for it's offshore assets with a new Property Damage Insurance Policy with a new policy inception date 1st January 2025. The OAR Program (offshore all-risk insurance / Property Damage offshore) includes: - Property insurance for all current and future German and Dutch offshore grid connection assets as currently insured in the Offshore Machinery policy “Offshore Property Package Policy”  - NorNed, Cobra, NordLink and possible future interconnectors. - The offshore assets are defined as the substation/converter station at sea, the cable connecting this station to the land station and the land station forming part of this connection. The insurance program shall cover a capacity of 1 bn EUR and will be structured in a Primary policy (400 Mio. EUR) and an additional Excess layer (600 Mio. EUR) . Tenderer get the opportunity to quote for Primary coverage and/or for Excess layer.  Accordingly the tender will be set up in 3 lots, which will follow each other:  Lot 1: Primary lead insurer (Mercell tender T91248) Lot 2: Primary to-follow insurer + Excess lead insurer (Mercell tender T91277) Lot 3: Excess to-follow insurer (Merce…

Award criteria

Official publications

Other tenders from TenneT TSO GmbH

Frequently asked questions

What is the estimated value of this tender?
The estimated value published by the buyer is €0.
Who is the buyer of this tender?
The contracting authority is TenneT TSO GmbH (European Union).
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Data collected from official public procurement sources. Amounts as published by the buyer.