No-one can be certain how hard the wind will blow, how the turbines will cope over the years or how difficult installation or maintenance will be.
And with political instability and financial constraints in many countries, developers can no longer be sure they will actually receive the economic support promised by government.
But what if those risks could be removed at the stroke of a pen? What if a developer could guarantee the level of income from a wind farm and remove both the political risk and the hidden costs of unforeseen turbine problems? And what if developers could be certain how much an offshore installation will cost, regardless of the weather?
Would developers and contractors pay a premium for such guarantees?
Several innovative...
