AXIS VIEW ON OFFSHORE WIND
The future
The future of the offshore wind industry looks very optimistic and, while there are still a number of open questions, the experience of the fixed industry provides a blueprint for its potential and new policy targets suggest long-term government support. As the sector moves forward, risk mitigation and learning lessons from the past experience in wind development must be central to its strategy. Standardization is also key but most important is collaboration between different stakeholders operating within the offshore wind industry. Whether it be overall project design or new prototypical turbines, insurers, brokers and the industry must be sharing perspectives and learnings to establish best practice and help to create the standards the industry needs.
As the sector moves forward, risk mitigation and learning lessons from the past experience in wind development must be central to its strategy.
The future of the offshore wind industry looks very optimistic.
Jamie Fleming Head of Offshore Wind, London
Disclaimer
The AXIS Renewable Energy team provide expertise in insurance coverage and risk mitigation analysis and insights for every stage of renewable energy projects from development through operation, ranging from stand-alone projects to utility scale. This material is for general information, education and discussion purposes only. Statements contained herein are not professional or legal advice of AXIS or its affiliates. AXIS makes no representations as to the accuracy or completeness of the information contained herein and is under no obligation to update or revise the information as a result of new information, research or future events. Implementing any recommendations or ideas discussed in this document does not guarantee the fulfilment of any obligations under any contract, compliance with any law, rule or regulation, the avoidance of loss or that all reasonable preventative measures have been taken. AXIS assumes no liability by reason of the information within this material.
