Warranties, guarantees and insurance

Speakers:

Michael Bullock, Renewable Risk Advisers

Rémi Gruet, Ocean Energy Europe

Ocean energy technologies are still at an early stage of development. Lacking significant data from operation in real sea conditions, ocean energy projects carry significant risks, pushing up to the cost of capital. Warranties, guaranties and insurances can alleviate these risks and facilitate access to capital. However, such products, common in other more mature industries, are not always accessible to ocean energy project developers.

The webinar analysed the current situation and solutions for mainstreaming warranties, guaranties and insurance in ocean energy.