Discussion on Risk Management of Offshore Wind Tower Engineering Under EPC Mode

Key words: 
• offshore wind tower /
• EPC contracting /
• risk identify /
• risk control

Abstract: According to the established offshore wind power development goal of National Energy Administration(NEA), China will increase the intensity of offshore wind power development. Offshore wind tower(OWT) has been built to obtain the measured data of wind resources within the site. There are high risks during construction since the construction conditions of the OWT are complex. Proper risk management is a necessary condition for the successful construction of the OWT under EPC mode.In this paper, project management practices of OWTs in Guangdong under the EPC mode were used for demonstrating the main contents of the OWT EPC contract and the corresponding various risks in different stages. A preliminary study on risk management was made based on an OWT project risk management examples. The results are shown that there is a considerable degree of risk in the construction of OWT and the risk management objectives of the project can be achieved by adopting reasonable risk management measures. This work provides some guidance for further study on similar engineering project.