Wind Energy Update: Experienced teams more likely to bring funds for offshore wind projects

May 12, 2012 --

London, UK (PRWEB) May 12, 2012

Experience of the team was recently named as the principal trait to accumulate capital for current offshore wind projects as found in Wind Energy Updates survey on offshore wind investment and finance. Further to this, survey participants also saw that: the use of proven technologies and the site characteristics also played a major role in the acquisition of finance.

As explained by Marios Papalexandrou of Mott MacDonald, who featured in a recent webinar again hosted by Wind Energy Update, experienced teams have greater risk awareness which allows them to predict hazards and respond to them in a quick and efficient manner. The two fellow speakers (Matthew Tilbrook of Mizuho Corporate Bank and James Stewart of SgurrEnergy) agreed with Mr Papalexandrou and added that investors are keen to fund projects only if the development team can demonstrate a solid portfolio of previously constructed offshore wind farms.

To continue the discussions surrounding project delivery, technology risks, supply chain, investment and finance, these three individuals will meet in Hamburg this June alongside key industry companies such as Dong, EnbW, RWE Innogy, Stakraft, Mainstream Power, Acciona, Vattenfall, Siemens, Deutsche Bank and many more.

The first Offshore Wind Risk Summit by Wind Energy Update, designed to identify critical offshore wind risks for timely and cost effective project delivery brings together financial, technical and commercial experts from all sectors of the industry to address the current risk issues related to the offshore wind industry and suggest effective strategies for their control.

Full information about the summit can be found http://www.windenergyupdate.com/risk/conference-event-brochure.php

Teodora Todorova
Wind Energy Update
teodora(at)windenergyupdate(dot)com

Read the full story at http://www.prweb.com/releases/2012/5/prweb9494578.htm.

Page: 1

Related Keywords:computing and information technology, satellite technology, wireless technology, science and technology, technology (general), identification technology, agricultural research and technology, economy, business and finance, financial and business service, business enterprises, business (general), restraint of trade, international (foreign) trade, trade dispute, trade agreements, trade policy, trade balance, weather news, weather, weather science, engineering, instrument engineering, heavy engineering, manufacturing and engineering, design and engineering, energy and resource, alternative energy, energy (general),