Offshore Renewal Projects: Exposures, Challenges and Enablers

offshore windmill farm

As offshore renewable energy expands at an unprecedented pace, the industry faces increasing pressure to reduce costs, improve reliability, and strengthen resilience. Offshore wind and other marine‑based renewable projects are capital‑intensive undertakings, where even minor incidents can cause significant delays and financial loss.

Offshore projects often operate with thin profit margins, depend on national support, and repeatedly face the same types of claims year after year—especially due to an industry culture that shares too little learnt risk insights.

To support developers, manufacturers, investors and partners across the renewable energy value chain, If Insurance has compiled this whitepaper offering data‑driven insights into the most pressing risk factors facing offshore renewable projects today.

Take a deep dive into the latest topics with Tom Guttormsen, Nordic CAR/EAR and Energy Risk Engineer at If Insurance, together with expert insights from Thomas Langford, Director Offshore Energy at NGI, and David Maloney, Director Subsea Cables, Renewables Certification at DNV.

Learn more about the four key areas that can significantly improve project safety and reliability:  

  1. Understanding ground conditions more accurately,
  2. Strengthening collaboration and certification,
  3. Ensuring effective Marine Warranty Survey (MWS) engagement, and
  4. Building a strong ESG‑driven safety culture.

These improvements can help reduce the dominance of subsea cable incidents, which currently account for a disproportionate share of offshore insurance costs.

Download our white paper to learn how enhanced risk management, better data transfer, and stronger cross‑industry collaboration can enable safer, more resilient offshore renewable projects.

Download the white paper pdf 1.1 mb

Offshore windmil renewal