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28 Cards in this Set
- Front
- Back
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Wind general: types of coverage |
Serial Loss, Offshore Logistics, Lack of Wind
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Wind serial loss: Cover
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Retrofits, Supplier's warranty failure, Availability guarantee (onshore only), Multi-year
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Wind serial loss: Retrofits: Due to which cause
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Faulty workmanship, fautly material, faulty design (also if done by supplier)
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Wind serial loss: Example for suppliers of components
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Gearboxes, rotor blades, mast components
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Wind serial loss: Start / End of cover
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Start: Beginning of production year, End: End of guarantee period (max 5 years)
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Wind serial loss: Possible insureds
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Component manufacturers, WPP manufacturers, Developers large offshore parks
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Wind serial loss: Multi-year cover "special"
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Policy cannot be cancelled post-loss
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Wind serial loss: Allocation of serial loss
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All to one financial year, hence annual deductible eroded once
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Wind serial loss: Availability guarantee: For who
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Onshore only
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Wind serial loss: Availability guarantee: What is it
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Guarantee that WTGs work and deliver if weather conditions are that way. If not (stopped for repairs or broken), then substantial indemnification payments
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Wind serial loss: Offshore cover special
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Logistics costs: Special ship, crew
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Wind serial loss: Offshore cover exclusion
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Adverse weather delays
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Wind offshore logistics: Parameters leading to delay
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Wind speed, current, wave height
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Wind offshore logistics: Costs per day of delay jack-up barge
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Up to € 100,000
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Wind offshore logistics: Cover of offshore logistics
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Additional costs for overrunning of project period (incl weather buffers) per day
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Wind offshore logistics: Reasons covered for overtime
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Discontinuation due to bad weather, missed weather windows due to incorrect forecasts,discontinuation ordered by captain, accidents on board an machinery breakdown
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Wind offshore logistics: Discussion points for cover
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Weather related trigger (loss event), project planning and time buffers (deductible) rates for ship and crew (indemnification)
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Wind lack of wind: Variables influencing modelled turnover
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Historic wind speet at hub level, turbine's performance curve for entire windfarm, stipulated price per MWh
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Wind offshore logistics: WOW - meaning
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Wait on weather
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Wind offshore logistics: CTP - meaning
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Call to port
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Wind offshore logistics: Significant wave height definition
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Half wave = deviation from average sea level
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Wind offshore logistics: Limit
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Approx. 95% of probability of max. project length
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Wind offshore logistics: Availability guarantee
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Guarantee that WTGs work and deliver. If not (stopped for repairs or broken), then substantial indemnification payments
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Wind operations and maintenance: Period
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Multi-year (up to 10 years)
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Wind operations and maintenance: Cover
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Repair of major components
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Wind operations and maintenance: Prerequisite production
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Due dilligence of WTG production
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Wind operations and maintenance: Prerequisite cover period
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Third party inspection
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Wind operations and maintenance: AAD function
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AAD adds up year to year, only decreased by claim |
