Suppliers in the US, and elsewhere, can expect Orsted to take a much tougher approach to contingency planning as the world’s biggest offshore wind company looks to apply the tough lessons learned from its American projects.
Presenting its new “value-focused” business plan this week, Orsted CEO Mads Nipper also outlined a revised operating model placing more focus on contingency planning, monitoring of suppliers, inflation protection with higher scrutiny of pre-FID commitments, greater flexibility on project timelines and commissioning dates, and more project governance reviews.
