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Home > Journal > Advance publication

Contractual Risk Allocation in Offshore Wind Farms Industry - "Knock-for-Knock" as a Model

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M. al-Masry
M. al-Masry

Published 25 July 2022

Abstract

Parties' liability of contractual risk under Offshore Wind Farm contracts seeks to radically abandon common law assumptions regarding risk allocation. Under the provisions of common law, whoever breaches a contract obligation or any particular legal obligation holds liability based on the fault committed, and therefore indemnifies the damaged person. Yet, this is not always the case in the offshore wind farm industry, where risk is allocated to the party who is capable of controlling this risk. In this regard, the parties use the contract to reduce the risk potential or control the consequences of that risk. Risk provisions are arranged either in an agreement between project developer and contractor (multi-contracting system), or between contractor and sub-contractor (EPCI contracts regime). This research paper discusses risk allocation contracts for offshore wind energy with regard to "Knock-for-Knock" standard agreement practice.

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Suggested Citation

M. al-Masry (2022, forthcoming) "Contractual Risk Allocation in Offshore Wind Farms Industry - "Knock-for-Knock" as a Model"
(OGEL, ISSN 1875-418X) July 2022, www.ogel.org

"Advance publication" is the name given to material that is published ahead of its appearance in a regular structured issue of our Journal. It is also possible to monitor this via RSS. Subscribers will receive update alerts via e-mail of the published articles as soon as they have been added to the website.

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