Offshore Engineering Society
The OES acts to promote interest and scholarship in both the scientific and applied aspects of offshore engineering.
- Date
- 03 June 2026
- Time
- 18:00 - 19:30 BST
- Location
-
Institution of Civil Engineers One Great George Street Westminster London, SW1P 3AA United Kingdom
This event has now ended
Overview
The recent ongoing Oil Shock has highlighted the importance of energy transition. One of the challenges in the transition is the finance, including insurance (i.e., how to unlock investment into resilient clean energy infrastructure worldwide).
One of the analysis tools used in the insurance industry is Catastrophe models (essentially a Risk Model), and the focus of this lecture is to discuss the development of such models for global offshore wind farms.
The lecture will compare the risks for offshore wind farms from different geographical regions (Japan, Taiwan, UK, EU, South Korea, and USA) and for a range of technologies (Small and large turbines, grounded and floating systems). A few insurance claim examples will be discussed.
Speaker
Professor Subhamoy Bhattacharya
University of Surrey
chair in geomechanics
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Professor Subhamoy Bhattacharya
Professor Bhattacharya, CEng FICE, currently holds the chair in geomechanics at the University of Surrey and directs the SAGE (Surrey Advanced Geotechnical Engineering) laboratory.
He is also the co-founder, chief scientific officer and director of RENEW-RISK, a spin-off company of University of Surrey. The company provides deep data science-driven risk models that enable (re)insurers to undertake comprehensive catastrophe risk assessments and confidently underwrite renewable energy assets (such as Offshore Wind Farms) risks in new regions throughout all phases (construction, operation and decommissioning).
Before Surrey, Prof Bhattacharya held academic positions at University of Bristol (senior lecturer) and University of Oxford (departmental lecturer). He also held industrial position at Fugro Geo-Consulting and was involved in analysis and design of foundations for offshore oil and gas installation. Prof Bhattacharya earned his PhD from University of Cambridge investigating foundation failures during seismic liquefaction. He has written the seminal book titled “Design of foundations for offshore wind turbines” published by Wiley.
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