By K.Steiner-Dicks on Jun 18, 2014

With extensive sector knowledge gained from an established track record of exposure to all facets of the project lifecycle, SgurrEnergy said it will use its significant experience to advise clients on reducing uncertainty and increasing transparency in their renewable energy projects.

As the renewable energy industry continues to mature there is an increasing appetite for risk advisory services with a solid industry background. Recently SgurrEnergy conducted an independent risk assessment of an offshore wind farm under construction on behalf of the project owner. The team provided the owner with an informed judgment on the adequacy of the project’s current risk assumptions with respect to cost and time to completion.

Grouped into four key areas of risk management, the new service will be offered to clients interested in risk identification, risk analysis, risk response planning and implementation and risk monitoring for projects employing onshore and offshore wind, solar and marine technologies. Utilising in-house capabilities, such as detailed accessibility modelling for offshore wind farm construction procedures, the service will support uncertainty reduction across the renewable energy industry.

“Effective risk management is critical for any project’s success, which is why we need to ensure that state of the art tools and unique approaches are applied during the project development and execution phases”, said Raya Peterson, principal renewable energy consultant at SgurrEnergy.

“This dedicated risk advisory service will reduce uncertainty, increase transparency and ultimately increase project success rates and drive down costs, providing significant added value to our clients and the industry as a whole.”