- Subsea Cable Insurance Workshop
Subsea Cable Insurance Workshop
Offshore wind is set for exponential growth as the need for sustainable energy to tackle climate change accelerates. Analysts predict over $800bn will be allocated to new developments by 2030 but major challenges must be tackled if this expenditure is to succeed.
The demand for new critical infrastructure to be installed is huge and subsea cables are central to this, with hundreds of miles of export and inter-array cables required. But it is estimated that up to 80% of all insurance claims in offshore wind relate to cable failures.
This all-day workshop sponsored by Proserv, incorporating presentations and collaborative group sessions, brings key stakeholders together. Technology developers, operators, insurers, cable manufacturers as well as industry bodies supporting innovation can discuss how the sector can work together to mitigate failures, enhance monitoring, gain better insights into the condition, integrity and performance of cables and terminations, and so de-risk owning and operating this vital infrastructure.