Getting your contracting strategy right is an important step in improving wind project profitability - from lowering CapEx and OpEx costs, lowering insurance premiums through lower risk and shorter construction periods by using specialist contractors for each element. Let's explore how multi-contracting can significantly lower the cost of energy...
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.
Getting it right
Optimizing wind projects
Adopting the right contracting strategy for your project isn't easy, which is why engaging with an experienced technical advisor can mitigate risks.
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In the meantime, watch this video on to how use multi-contracting effectively to optimize project business cases: