How to significantly lower the cost of energy using the right contracting strategy
Wind power developers must stop using the thumbscrews on suppliers to deliver products and services that are not in their area of expertise.
The more that you want a supplier to do for you, the higher his risks and prices become.
If developers of offshore wind projects took a more active role by using what we call multi-contracting or risk and opportunity management, costs could be lowered significantly.
So how do you get it right?
Adopting the right contracting strategy for your project isn't easy, which is why engaging with an experienced technical advisor can mitigate risks.
In the meantime, watch this video on to how use multi-contracting effectively to optimize project business cases: