Installation cost and risk is a major factor in the long term viability of offshore marine projects particularly Round 3 Wind and Tidal Energy arrays. Cost reduction is necessary for these technologies to evolve. Unfortunately, cost reduction often involves increased risk – which can be very difficult to evaluate- lessons are nearly always learned the hard way with cost overruns, poor project/ contract management and weak installation strategies. This has led to the development of a powerful new planning software tool called Mermaid (acronym for Marine Economic Risk Management Aid). Read more >