Client: A leading supplier of offshore wind turbine components
Project: Various offshore wind projects off the coast of Long Island, New York

The Challenge
Our client, a critical supplier for several offshore wind projects off Long Island, faced significant risks related to the complex logistics, harsh offshore environment, and strict delivery timelines associated with these projects. As New York State pushes to develop 9,000 MW of offshore wind energy by 2035, our client needed to ensure that it could effectively manage these risks to meet its contractual obligations.

Our Approach
Our risk management team worked with the supplier to develop and implement a comprehensive risk management strategy. This included:

• Conducting a thorough risk assessment to identify potential threats to the supplier’s operations, including supply chain disruptions, weather-related delays, and quality control issues.
• Developing contingency plans and mitigation strategies to address identified risks.
• Implementing a robust monitoring and reporting system to track risk levels and the effectiveness of mitigation measures.
• Providing ongoing support and guidance to the supplier’s management team to ensure continuous improvement of risk management practices.

Results
By implementing a proactive and comprehensive risk management strategy, our client was able to successfully navigate the challenges of the offshore wind projects. The supplier met all delivery deadlines, maintained high quality standards, and avoided significant disruptions to its operations. This contributed to the overall progress of New York’s offshore wind development goals.