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ARTICLE · 22 MARCH 2024

Construction & Engineering - Horizon Scanner: Infrastructure, Construction, Energy, March 2024

Arthur Cox
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There is increasing activity to develop standard form contracts for offshore renewable energy development projects, including the IMCA contract and the anticipated FIDIC contract.

European UnionReal Estate and Construction
Arthur Cox
Arthur Cox
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STANDARD FORM CONTRACTS

Offshore Renewable Energy Development

There is increasing activity to develop standard form contracts for offshore renewable energy development projects, including the IMCA contract and the anticipated FIDIC contract.

This is highly welcome. Development of offshore infrastructure is complex, and risks are different in nature and scale as compared to onshore development (for example in relation to levels of specificity of site information, health and safety management and indemnification, general weather conditions and specific weather windows for working, supply chain lead in times, installation logistics and port access, overall programming and interface arrangements, and connection and offtake arrangements). This requires a distinct approach to management and allocation of risk. This has to date necessitated very significant adaptation of existing contract forms on a project-by-project basis, and development of standard

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This article contains a general summary of developments and is not a complete or definitive statement of the law. Specific legal advice should be obtained where appropriate.

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