Bruce Stevenson Appointed to Advise Ofgem on Offshore Wind Development

Edinburgh Insurance Broker Bruce Stevenson Risk Management (BSRM) has check site seo
been appointed to work with Ofgem as part of the UK Governments support for offshore wind generation.

BSRM have been selected, with Grant Thornton UK LLP, to advise on the tender process appointing Offshore Transmission Owners (OFTO).The initial 15 month contract will focus on the insurance provisions for the bidders of the 3 Tranche A projects in Lincs (250MW £311m), Gwynt- y-Mor (576MW £306 m) and London Array (630MW £476m).

BSRM are a leading renewable energy insurance broker based in Edinburgh, but also with locations in Glasgow and London. The contract will further enhance their reputation and standing in the sector.

The three offshore projects will connect RWE’s 576MW Gwynt -y – Mor project located of the north coast of Wales; Centrica’s 250MW Lincs project sited of Skegness Lincolnshire and Eon, Dong and Masdars 630MW London Array in the Thames Estuary. All three projects will feature 3.6MW wind turbines supplied by Siemens Energy.

Ofgem are expected to plan out a further tender process for the following three projects in Humber Gateway, West of Duddon Sands and Race Bank in 2012.

The completion of the tender round will play crucial role for the government to meet renewable energy targets, sourcing 15 % of all energy from renewable sources by 2020.To meet these targets it is estimated that £20 billion in investment will be required in offshore electricity transmission infrastructure. This will provide connections for offshore wind farms at all stages of development from planning to operation.

Derek Skinner Director of Renewables at Bruce Stevenson Risk Management commented:

“Offshore wind is a massive new sector, and we are delighted to be supporting Ofgem in this latest chapter in the development of renewable electricity in the UK.

This reinforces BSRM as one of the leading insurance and risk consultancies in renewables in the UK, and builds on our expertise and reputation in onshore wind and hydro, where we have a significant share of the market.

“We look forward to working with Grant Thornton and Ofgem in supporting the development of the Offshore Renewable Sector.”

Bruce Stevenson bridges insurance gap with renewable energy expert

Gary BrattA Scottish-based insurance firm is to bridge a major gap in the insurance market by taking on a renewable energy expert.

Insurance solutions Bruce Stevenson Risk Management Ltd (BSRM) has announced that Gary Bratt 33, an engineer in renewable technology is to boost the company’s place at the forefront of insurance services in Scotland by providing a service dedicated to the renewable energy market. Gary, from Helensburgh in Argyll and Bute, has had extensive Scottish and European experience in the fields of semiconductor and laser engineering before undertaking a postgraduate master’s degree in Renewable Energy Systems and the Environment at the University of Strathclyde in 2009.

According to Gary “I am able to add another dimension of understanding of renewable projects and their associated risks from an engineering perspective. This allows Bruce Stevenson to make a more rounded and informed evaluation of insurance requirements.”

As the Scottish Government has renewable energy targets which aim to supply 80 per cent of Scotland energy from green sources by 2020, there is a growing market niche for expertise in renewable energy sources. Derek Skinner, Renewable Energy Director at BSRM said: “Bringing someone with the expertise of Gary to Bruce Stevenson Risk Management will strengthen our offering to our clients, developers and professional bodies we work closely with. It is vital that we understand the technologies being introduced to the UK Renewables sector to make these insurable and bankable. Our role is to understand the risks associated with developing renewable projects and finding Insurance solutions.”

News of an expert in this field is welcomed at a time when 41 applications for energy projects across hydro, onshore wind, biomass and clean technologies have been submitted to the Scottish energy consent and employment unit. At present Scotland holds the largest wind farm in Europe with 140 wind turbines at Whitelee farm and further consent granted for a 48 wind turbine farm at Fallago Rig in the Scottish borders.

Bruce Stevenson Ltd is a leading insurance broker in the UK insurance and financial services with expertise in renewable energy: private clients: property and business markets.