Floating Offshore Wind Insurance
Reference ocds-b5fd17-506e85bb-8dce-4445-baeb-410c68c03851 · Offshore Renewable Energy Catapult
Awarded to Renewable Risk Advisers Ltd for £38,125.
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Amounts and figures
Description
This project intends to build on previous work completed, which explored project finance and insurance for FOW. This work focused on examining the current views and proposed approach of the insurance community to insuring FOW projects. Findings from the project highlighted areas of critical significance to insurers which this project can utilise in helping to determine the technology options and specific key risks to consider. The project will consider representative sites based on planned developments of both early small scale and future large-scale FOW. As seen in fixed-bottom, lessons learned and data shared from earlier small-scale FOW projects will help to influence insurers' approach to later large scale projects.\r Building on this previous work, this project aims to quantify the financial implications of these key risks. Specifically, to outline the potential frequency of claims, the impact/size of claims and the activities in terms of cost and resources which will be required to resolve them.\r This project has the opportunity to provide valuable findings to key stakeholders and wider industry to support the development of FOW. By assessing the areas of critical concern …
Awards
| Awarded to | Amount | Date |
|---|---|---|
| Renewable Risk Advisers Ltd | £38,125 | 10 May 2024 |
Official publications
| Medium | Reference | Date |
|---|---|---|
| FTS | 1858c9cc-2d31-42e3-8c4a-b1234905858d-750969 | 14 May 2024 |
| Contracts Finder | 1858c9cc-2d31-42e3-8c4a-b1234905858d-750969 | 14 May 2024 |
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Frequently asked questions
- What is the deadline to bid for this tender?
- The submission deadline is 5 April 2024, 12:00. Check the official source, as dates can be modified.
- What is the estimated value of this tender?
- The estimated value published by the buyer is £40,000.
- Who is the buyer of this tender?
- The contracting authority is Offshore Renewable Energy Catapult (United Kingdom).
- How can I bid for public tenders in the United Kingdom?
- Bids are submitted through the official public procurement portal in the United Kingdom. El Vínculo helps you find tenders and analyse their documents; submission always happens at the official source.
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